Fenix Resources managing director shows faith in company with early exercise of options Robert Brierley has exercised 2 million unlisted options exercisable at $0.08 each and due to expire on November 21, 2021, with a total value of $160,000. The company has notched up a strong June quarter of iron ore production and sales. Fenix Resources Ltd (ASX:FEX) managing director Robert Brierley is the latest director to demonstrate his confidence in the company’s iron ore production growth plan with the early exercising of options. On July 16 Brierley exercised 2 million unlisted options exercisable at $0.08 each and due to expire on November 21, 2021, with a total value of $160,000.