there are heaps of stocks with great nearology, who are further advanced than FMS yet valued lower...I won't dispute they probably have heaps of iron ore but the jury is out as to grade, impurities and resource size...these are critical elements which will determine whether the IO is economic, and you won't know that until you drill this like Swiss cheese, which takes a lot of time and effort...the price is well ahead of where the company is at.
there are heaps of stocks with great nearology, who are further...
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