look at the fdl buy side, page-4

A big player on the prowl chomping up to 15 pre drilling update and assays for recent samples. If/when the quality JORC firms in the coming months this baby with the FMG rail at the door becomes an IO resource that can't be ignored.

IMO FMG accumulating for a controlling stake.... makes them more attractive to the Chinese with another potential billion tonnes of IO in their playpen.