FEC Resources Inc. (FECOF)

[styl]

Good point. I would just love it if the articles were coming out of China and with Chinese officials making statement than solely or mostly ph.

Interesting note. Pxp is about triple the market cap of apex and yet has roughly 70% of sc72 compared to apex which has 30% of sc72 You can argue that pxp also has D.C. 75 which looks promising as well but apex also has contracts and a much better floor. Pxp is up huge this last 52 weeks and apex is near its bottom. Just an observation.
Alexa market cap is over 200 mil us. Or 11 trillion ph pesos. Compared to pxp's 29 trillion pesos.

Another way to look at it when comparing sc72 equity is that fecof has just 10% of the equity value compared to pxp
7% compared to 70%. But fecof market value multiplied by 10 would still be 60 million.... way less than pxp, but once again pxp had a few other things going for it too and less likely to be diluted like fecof in cases of delays on the project.

If fecofs board really cared about shareholders and the company they wouldn't dilute it like that and simply just give them a line of credit at say 10%. It's hard to I
Shine that fecof once had 16% ownership in Sc 72 so keep that in mind when looking/comparing previous charts and how they react to similar news and deals. I personally thought fecof would go to 2 dollars conservativelyeith a p.e. Of 1.5 , in my 401k in the span of 10 yrs. with the less % ownership I have it pegged at 80 cents..... if it can demand a p.e. Of between 4 and 8 instead then we are golden .