conceptual resource- YES FMG find 1billmt ore right there- YES FDL are spitting distance- YES part FMG resource is on FDL land- YES demand for iron ore massive- YES market sentiment for irone ore high - YES Its 8c a share- YES about 4-5 months until drill starts- YES about 2 months of drilling time - YES about a month or so until result known - YES
Ok so we have 8 months until results give or take a month or 2............
Using 10% rise in SP per month from Nov 07-April 08 Before drill begins. Sentiment high- YES
nov 9c per share dec 9.9c jan 10.89c feb 11.97c mar 13.16c apr 14.47c
May-July and drilling is upon us- 15% rises per month on SP -anticipation rises
May 16.64c June 19.13c July 22.02
August the month of results SP rises another 20% in anticipation
Aug 26.42c
Late August the results come out
Inferred resource- YES- 40c plus depend on find No resource- get out FAST.
Thats my minimal and conservative SP guess on potential over coming months.
Just basic calculations based on the anticipation on the resource.
They find we win They dont we lose
simple really
ok........ back to my JD, porn mag and winnie blues
FDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held