BBIG website, page-30

By the way here is something that might perk you up...

IF TIO do make another take-over offer for FMS there is a new takeover provision that did not have to be met in their previous offer due to the offer was made when they were below the threshold. It is the 36% ruling.

Essentially FMS has to get an independent report of the value of FMS in its entirety and this report must be disclosed to shareholders. Now you put a value on FMS as an empty shell with no staff, no IP, a very bare balance sheet but two very important range of tenements. PIOP (iron ore) and Mt Magnet (or Canegrass project as it is known for just the vanadium and ignore the 1.7Bn tonnes of low grade iron ore due to the per unit price). My view is PIOP has a base value of $320m with its current JORN estimates and Canegrass about the same making FMS worth something north of $640m. With TIO holding 52.68% and the rest needing to be acquired if they do put an offer on the table that puts a minimum share price based on 3.196m shares around the 20 cent mark. Slightly more than the current trading price so one might argue it is trading at a substantial discount at this point.