CR, page-15

Flinders disclaimer:

"Preliminary Economic Assessment

The Company advises that it has not based its production decision on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit."

Given the total lack of offtake agreements, MOU's or otherwise, FDR is totally untested in the market. For some reason it has just taken a large dilution with an all scrip TO of another old resource on another continent?

I kinda prefer the way VXL is going about it's business ATM, particularly the downstream business plan.