warnie, page-22

Apart from the odd sell down which is common amongst trading stocks.....I think there is little chance of the SP getting smashed from here.

Why?

Because the story here is too good.......and its reflected more and more each day in the SP.

Also the story has only just begun.........people will pay more for the stock as it gets closer to actual drilling and resource estimates......that is reality.


Unless FDL come out and say "we have no ore"... which is actually impossible since they wont have results until late this year......then how could there be much downside at all.

A possible 300-400mt or iron ore
Ore prices going up
a drill program ready

Any negatives...


You could say they may run out of cash by June....
that is a possibility.....
but a 3-4 mill cap raising is hardly going to kill the SP either.......

By September the option money starts coming in.....and if one was to think a little outside the square.....there is a good chance options will be converted well before then anyway.....Meaning money into the coffers without need for a cap raising at all......I for one will be happy to convert before September so long as the SP is doing well.

based on this.....I cant see the downside but happy to listen as to how there potentially could be.

cheers