Nobby i think that what most are trying to say is that there is huge scope and potential for this company to grow. This is only the beginning of a long journey to success. $1 short term is rather optimistic however 50c is certainly an achievable target going forward.
As for giving reasoning for the current share price or trying to put a true value on the stock is difficult. Clearly there is hype surrounding the stock however when you put the hype aside there is considerable substance behind these movements. We are now trading in a new era for Iron Ore - The revaluation of Iron Ore's price should and will revalue FDL and its prospects. Without doubt going forward this is one of the most exciting companies on the ASX.
FDL
flinders diamonds limited
