iron ore, page-131

"Fms has an inferred amount of 350-400mt and that is a consevative figure"

Carmen, you may want to look up what Inferred means. It takes more than 1 hole to get a Inferred resource and with no grades.

I honestly don't know how the ASX allows the company to put out that estimate of 390Mt way before a single hole was drilled.

Best practice is to undrstate and over deliver yet FMS have done the opposite to date.

Day traders all over this


Good luck to those that got in early, at least they may have some comfort, but buying in at these prices is very risky IMO.