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Fox River Resources Corp C.FOX

Alternate Symbol(s):  FXRVF

Fox River Resources Corporation is engaged in the advancement of the Martison Phosphate Project located near Hearst, Ontario. The Martison Phosphate Project hosts the Anomaly A deposit. The Martison phosphate project is located about 70 kilometers northeast of the town of Hearst, in north-central Ontario and is close to rail, power, highway, and other infrastructure. The Project contains a major carbonatite (igneous carbonate-rich) pipe capped by a residual deposit (Residuum) enriched in phosphate and niobium minerals. The Project mining leases and claims cover a contiguous area of approximately 8,450 hectares (ha). The Company has one wholly owned subsidiary, Baltic Resources Inc. (Baltic).


CSE:FOX - Post by User

Comment by FastFFon Apr 23, 2022 11:14am
184 Views
Post# 34626156

RE:RE:Positive PEA

RE:RE:Positive PEA
Where are they going to get $1.8 B to build it? not with equity, I hope, or shareholders will dilluted to nothing. Problem is, why should a Major buy/and build this when they can expand exiting plants much cheaper - no real LT shortage of this stuff. The multi-years time it'll take to get permitted, the fert shortage will be over

Plus, anybody pumping up the stock will be met with a huge dillutive financing dumped on them - now that's a 100% certainity.
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