up 200%, page-12

I agree Assumpta, they have a proven resource of 528 milion tonnes of ironsands concentrate grading 59% Fe.
The Chinese consortium is standing in the doorway, funds wont be an issue i think AgAu as the Chinese have bottomless pockets when this type of tonnage is available.

Also agree management is key, and it does appear they are moving in the right direction to get Amazon Bay into production.

I have been hard stretched to find a company of this tiny market cap with this kind of very large resource.I mentioned this a few days ago when i read the announcement that TVI had taken further shares in FOY at prices 300% above current market prices.

That alone sent strong buy signals to me.

I would doubt the company will be under 2 cents for long, and the similarities between the trading activity of FOY now and the early movement in NMI when a Chinese investor took a large slab cannot be ignored i think!