Ye FTZ has had a good start to life on the asx here is an article from proactive investors.
(ASX: FTZ) celebrated its first full-day of public life yesterday by gaining 3.3% to $0.31, which when added to Monday's 50% plus gain - makes the company one of the best performing IPO's in recent memory.
While there are 'green shoots' now appearing in the small-mid cap. mining sectors, FTZ managed to raise $4 million through the prospectus in recent months during a time of very difficult capital markets.
Fertoz is a phosphate play with a Canadian flavour, and will move into the evaluation phase of its exploration tenements.
These tenements include Wapiti, Barnes Lake and Crows Nest in Canada, with the company targeting any potential direct shipping ore projects with 24% to 28% phosphate rock, which is capable of generating early cash flow with relatively low capital costs.
Wapiti East is the company’s flagship project, and is proximate to transport and infrastructure associated with the coal mines at Tumbler
http://www.proactiveinvestors.com.au/companies/news/47506/fertoz-limiteds-canadian-phosphate-exposure-continues-to-attract-investors-47506.html
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