FDL flinders diamonds limited

proven reserves, page-6

  1. 657 Posts.
    lightbulb Created with Sketch. 13
    Thanks for your support!
    If the reserves are a certainty and they amount to 25% of the value of Fortescue's entire reservces with the inferstructure already there, then FDL must be worth $1B based on a 20% chance of being proven.
    What are we missing?
    FDL have been mining diaminds for years, with iron ore being the main ore recovered...Why isn't the reserve proven already...Why was there such a surprise back in Nov 07?
 
watchlist Created with Sketch. Add FDL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.