Professional
Added to YB: 2024-10-31
Pitch date: 2024-07-16
FEX.AX [bullish]
Fenix Resources Limited
+22.99%
current return
Author Info
Macro Ops provides high signal investment research for serious investors. Visit the website.
Company Info
Fenix Resources Limited provides mining, logistics, and port services in Western Australia. The company’s flagship property is the 100% owned Iron Ridge Iron Ore project located in Western Australia.
Market Cap
AUD 361.1M
Pitch Price
AUD 0.39
Price Target
1.84 (+283%)
Dividend
2.06%
EV/EBITDA
6.89
P/E
68.31
EV/Sales
1.22
Sector
Metals and Mining
Category
value
Fenix Resources (FEX.AX): 900%+ Upside Potential in Iron Ore
FEX.AX: Iron ore producer expanding from 1.3Mt to 4Mt/yr, $50/t margins. Owns logistics biz (1 contract, 100+ potential), port assets ($80-150M value). 900%+ upside: Mining $1.36/sh, Logistics $0.23/sh, Assets $0.19/sh, Cash $0.04/sh. Total $1.84 vs $0.21 current. Risks: iron prices, dilution. 13% insider ownership.
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