FMG have already started stockpiling there ore at the port,they will certainly have no problem loading a ship and getting it China.The transporting of ore to the port via their rail network had 'zero' effect on there share price,once the money starts rolling in and they start to pay off their god awful debt then it might hit $8.00,but I think that's it for now. As for FDL's 'nearology' I think that the punter's have alredy factored that in,with infrastructure so close FDL are in a great posistion.FDL will not ride the back of FMG,FDL's fantastic resource will determine the SP.And with the updated geo's report expected within the next couple of weeks and with drilling to commence shortly,we all expect FDL's real value to be reconised over the coming months. They will hit $1.00 in '09 with current resource and if there is an upgrade,we are talking 500 million to 1 billion tonnes here,who knows.And this is a real posibility.
FDL Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held