Going from strength to strength, showing some confidence in fox after their recent announcements. We have had countless promises of going into production from fox. Its 1.5 years delayed and still nothing. I lost all faith in Bruno but since a change in management has taken place their seems to be clear cut direction, goals and future development in place. Even in production we were at a loss. The new refined and much more efficient type of nickle extraction via the heap leeching process has finally been settled apon and the figures look very strong. Fox has big stockpiles of nickle on the ground, we even more in the ground ready to mine, we have infrastructure above the ground the only thing missing is the funding for the plant. The big turning point where the fox will run is once a strong off take agreement and funding is in place. Curious to see the drilling results from the JV at Mt oscar too. I feel the years of waiting on broken promises could be over, all depending on this offtake happening. My faith has come back and im feeling very confident with this new management. Lets hope the quote from Jinchuan about fast tracking fox into production has something to play in the near future. Fingers crossed.
FXR Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held