iron ore, page-163

I'd prefer not to enter into these discussions but hate to see ppl mislead by Directors/uprampers.

First of all POZ's deposit has had a few thousand percent more drilling done on it than FMS. No comparison at all. SP tripled because they floated the company at a cheap price.

On another thread on this FMS forum, someone has posted up the JORC code and demonstrated a complete lack of understanding of it. He has said that FMS has a mineral resource.

FMS do not have a JORC compliant mineral resource. At best they have a border line illegal mineral estimate or perhaps what can best be described as a loose "target".

FMS have thus far ONE drill result which is deep and of lower quality CID type. FMG CID deposits typically being mined at the moment are closer to the surface which enables the use of cheaper surface miners to compensate for the lower price that CID ore obtains.

FMS may well have an extension of an FMG deposit running into the tenement BUT there is no way of knowing the extent of that extension without further results.

FMG has billions of tonnes of CID and almost certainly has no need for more, especially at greater depths.

There is a real chance that FMS iron ore will not be mined in the near to medium term as there are far more easily accessible CID deposits available.

Lots of people have made a lot of money on FMS and for that you should be happy. Those buying in at these prices take a big risk on management that have not proven anything but the fact that they can spruik themselves to the average punter.

Not many people on the FMS thread have a good understanding of iron ore deposits or the industry. I am not trying to down ramp your company but to inject some idea of the risks being taken which have in my opinion not been fully explained by the company.

In this regard I would even rather invest in BRM than FMS as at least BRM have a director with credible iron ore experience.

Good luck all but please bear in mind the realities of the situation.