its a breakout not a dump, page-37

eMark
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Today it has broken a major reseistance point of around 10.5

For this reason alone I now cant see the SP drifting backwards.

Along with other reasons which ill now touch on.

FMG has gone up about 20-30% since the share split which will reflect well on it small cousin next door no matter what anyone thinks.....we will follow them to some degree ...as does DYL with PDN for example...

Now that fact the SP is in the 12c range means the options are looking to be well in the money come cash in time.....Sept 08

This means that there is a much much greater chance that $40million will land into FDL's lap next year through option conversion.......so this needs now becomes an income stream of sorts that needs to be accounted for in the current SP and market cap.

I did some quick sums.....to help u and/or others understand


Say 950,000,000 shares
now 12c

MC around 115,000,000

take out the $40,000,000 for the conversion of options

Leaves $75 million for the value of the iron ore potential and all the other assets FDL have.

So just using the iron ore minimum potential based on the FDL announcement and nothing else......



300mt @ $75 million (Market cap left) = .24c per mt

24cents per mt of ironore

somebody bring me another FDL and coke.....

24cents per mt.......lol......this is just too easy


So to answer your question.....

I now cant see it dropping back below 10c

So I would be hoping to hell it doesnt run any faster so u can get on......I still think options are the go at the moment, but either way will make you at least 5 times wealthier than u are in 9 months time.

cheers