Like everything with this company - it goes at tortoise pace. I acknowledge things take a while, but in this race, the hare has already crossed the line, and then lapped the tortoise 3 times already. They say emulate the tortoise - slow and steady wins the day.
This has just been to slow. That said the prospects do look good when they finally get into production and offload the Iron Ore.
But to be honest Ruddy, and the RSPT has probably thrown a spanner in that works. Who would want to invest in an Iron Ore tennemant when they would be taxed so highly? Fox haven't commented, but I think that would be a major factor in the failure to advance.
FXR Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held