fdl features in todays australian, page-7

Interesting point you have made independent1
It is true that FDL do not have a proven iron ore reserve and thats why they call it a spec, if it had already proven that it had 390mil of iron ore it would not be .125 it would be far bit higher than current price, well a lot higher.
Now independent1 if you think by act of god the iron ore just stops at the boundaries around FDL then dont buy it.
But for those who wont to speculate on this spec stock that there must be some iron ore then buy some shares and wait and see how much iron ore they have and make lots of money if the estimates are correct
Easy realy