are fortescue the eventual buyer, page-8

First of all it was 210mt not 700mt. When that deal was done in 2005 FDL was a diamond explorer with no thoughts about iron ore whatsoever. It was only after FMG announced 1 billion tonnes of FE in total (including the 210mt) in early 2007 that FDL (as it was then) thoughts turned to iron ore. As K Wills said "at the time we thought $8m and diamond rights was a fantastic deal for us." Neville Chamberlain thought the same thing about his signed bit of paper from Hitler, remember.