value comparison, page-4

Brokers value shares on intrinsic value. FMS instrinic value is zero until ore is on first train. It's still a spec stock right now. As more drilling is done and the major milestones reached then it will rise along with media saying there is a new iron ore player. The process of securing finance of $1bil will be the turning point aka from September onwards. Probably if a new MD is appointed that's media savy and does lateline, sky etc then that exposure could help short term. Remember MMK left a sh1t taste in a lot of mouths and is still recent in people's memory. FMG have a lot of tenements so there is bit more to its validation plus it has rail and port. BCI would probably be closer to FMS to expect where SP could go except they have less ore for time being.