here is 3 stocks for you to consider.
1. CFE
MC = $180m
Cash = $360m
Assets = Cape Lambert South (potential 500mt magnetite)
2. BRM
MC = $108m
Cash = $110m
Assets = 1.1bt hemetite (44% fe plus some DSO).
3. AXO
MC = $50m
Cash = $36m
Assets = 1.3bt ferrovanadium (45% fe, 0.6% vanadium 505mt JORC).
4. FMS
MC = $90m
Cash = $10m
Assets = potential for 300mt-500mt (57% fe, no JORC still drilling).
5. BCI
MC = $30m
Cash = $9m
Assets = probably 100mt DSO.
non of these have an MC that is a multiple of 9x cash backing.
simple facts and there are many more like it, what makes you think FMS is any different? its just full of punters, the smart money keeps selling out and punters try and push it back up.
just want everyone to see what is going on around them, Shan and others, you are intent on not letting people see what is going on around them.
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