Not much downside from here...it's bounced from .105 to about .13 a few times now. I think Champion didn't have quite the lift people expected once they began to generate income. The news sounded good...it seems better than expectations.
Regardless....Champion seems to be holding...doing a little better on the other market...but holding in there none the less.
I think the upside for FNC is pretty decent ...for just the CIA shares.
Hard to say how long it will take Champion to convince the market....weeks..months...
Just a decent rise in iron ore prices will help as well.
But, like people suggest....news could come out of anywhere....anytime. The ring of fire brought this stock to better than $3.00 at one time.
Magpie seems to have potential to move this materially as well.