please explain, page-13

l4l:

Kwaidan you said.....

'Personally I take the opposite approach: discount everything until PROVEN otherwise'.

The question I have is, what price will you get FMS for once it is PROVEN.... 8c - 60c?

That is why its a speccie, not PROVEN.

L4L"

Yep thats the way discliplined traders manage their business. If you're one of the 2 successful long term traders globally who trade without a plan or any risk and money management great.

Obvious answer to your question is:

What will FMS be worth if they dont economically mine what they MIGHT have? With 1.5Bill shares on issue? Zero to 2c?
See my assumption that there isn't any - as yet - PROVEN resource is just as valid as your "wishing and a hoping" bet.

What are the chances they have something economic with a willing buyer able to get to market within the current upcycle? Based on experience and the fact there are currently at best ONLY 7 IO producers locally I'd say perhaps 1 in 20 at best.

So what are the combined odds then?

Not sure if you know much about risk management calculations but back of the envelope I'd say you're probability of ruin using capital at risk is so high to be prohibitive to almost anyone with any trading plan.

Thats it for me... if you want to discuss any of this -seriously - off board is better...