Not many people seem to know about FMS...
The recent Jorc identified about 450 Million tonnes of Iron Ore next door to some bigger players such as FMG and RIO
The true believers such as myself are confident that the resource will be at least 750 million tonnes and as much as 1000 Million tonnes.
If FMS decide to include the lower < 50% and as low as 40% IO that is in their tenaments there may be as much as 2000 million tonnes of IO.
Not bad for a six cent per share investment at the moment.
Better get in before the Chinese do :)
fundamentals, page-2
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