FLX 0.00% $16.91 felix resources limited

felix into 2005.

  1. 1,878 Posts.
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    Well, the Company has already given out a forecast for 2005 rather poorer than expected, 2006 with some improvement - 40% of coal at new prices, and an upbeat forecast in 2007 as new pricing comes in fully, combine with Yarrabee, Ashton and Minerva fully onstream.

    Hard to put a price on this one as Minerva and Ashton need to be developed to plan, combined with coal prices and maintaining costs.

    $2 a share is very cheap if everything falls in place for 2007, meanwhile the market remains uncertain.
 
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