Its all about the NPV of future cashflow from the inferred resource when confirmed....
In my view FDL's relationship with FMG when we get to this stage gives us more probability to be rerated to FMG factoring in all costs and rveenues from IO production.
Check the article on page 21 of the AFR today where a hedge fund manager James Falkiner ex UBS who got into FMG early ie at $8 pre split in the $70s talks about the NPV of iron ore plays.
I'm topping up FDL.
FDL
flinders diamonds limited
