I said in an earlier post a few days ago, area "E" alone probably has 201 Million tonnes based on Visual assessments
As the assays come in we will see how close the Visuals are to the assayed results. So far they look pretty close.
I have been buying over the last few weeks at under 10 cents as the option games proceeded. I also picked up quite a few options in the last day or two of trading at a very low price.
Start doing your own calculations on potential tonnage, it's easy.
One Square Kilometre = 1,000,0000 Square Metres
Area in Square KM x 1,000,000 x Average depth = Cubic metres
Cubic metres x average 3 tonnes per cubic metre = Total tonnes
Every company has to start somewhere, FMS is sitting on a fortune.
I'm in for the long haul, so I really don't care about short term fluctuations
Good luck everybody.
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