what is it worth

i suggest that all holders of this stock get a list together of all iron ore jr's.

once you have that list together then list down the following for each:

1. Market Cap
2. No shares on issue
3. cash holding on the balance sheet
4. actual reserves of FE

i think if you do this you might find that MC of FMS is still $40m above where it should be to be inline with the other stocks out there. that implies a $0.05 or there abouts price for FMS.

im not having a go at FMS, i just suggest you do the comparison for yourself and then with all the evidence in front of your eyes then make the value judgement for yourself.