shasta
06-03-2011, 04:30 AM
Another stock off the LOW EV list (currently #6) with a precious/base metal focus
Fitzroy Resources is a new(ish) listing that was spun out of Icon Resources (ASX:III)
Shares on Issue: 41m (no listed options)
Market Cap @ $0.225 = $9.2m
Cash @ 31/12= $4.9m
EV = $4.3m
Top 20 owns 50.5%
About (FRY) - Fitzroy Resources:
Main Projects:
Rookwood*
Glentanna
For a run down on the projects - http://www.fitzroyresources.com.au/projects-overview.php
* Contains the Develin Creek JORC Resource, 1.757Mt @ 1.71% Cu, 2.05% Zn, 8.5 g/t Ag, 0.24 g/t Au
That equates to ~30kt Copper, ~36kt Zinc, ~5.2m/oz Silver, ~150k/oz Gold, an IGV of ~$777USm*
* Going off metals values as per "The Australian" 5/3/11
Recent Presentation:
http://stocknessmonster.com/news-item?S=FRY&E=ASX&N=530008
Recent Anns re Projects:
http://stocknessmonster.com/news-item?S=FRY&E=ASX&N=528937
http://stocknessmonster.com/news-item?S=FRY&E=ASX&N=527447
Dec Quarterly:
http://stocknessmonster.com/news-item?S=FRY&E=ASX&N=526046
Disc: Nil held
Fitzroy Resources is a new(ish) listing that was spun out of Icon Resources (ASX:III)
Shares on Issue: 41m (no listed options)
Market Cap @ $0.225 = $9.2m
Cash @ 31/12= $4.9m
EV = $4.3m
Top 20 owns 50.5%
About (FRY) - Fitzroy Resources:
Main Projects:
Rookwood*
Glentanna
For a run down on the projects - http://www.fitzroyresources.com.au/projects-overview.php
* Contains the Develin Creek JORC Resource, 1.757Mt @ 1.71% Cu, 2.05% Zn, 8.5 g/t Ag, 0.24 g/t Au
That equates to ~30kt Copper, ~36kt Zinc, ~5.2m/oz Silver, ~150k/oz Gold, an IGV of ~$777USm*
* Going off metals values as per "The Australian" 5/3/11
Recent Presentation:
http://stocknessmonster.com/news-item?S=FRY&E=ASX&N=530008
Recent Anns re Projects:
http://stocknessmonster.com/news-item?S=FRY&E=ASX&N=528937
http://stocknessmonster.com/news-item?S=FRY&E=ASX&N=527447
Dec Quarterly:
http://stocknessmonster.com/news-item?S=FRY&E=ASX&N=526046
Disc: Nil held