Looking in the rear view mirror of a chart is fine for an established co, yet pretty pointless for an exploration company about to have a strike of a huge potential economic resource worth billions that IO majors want to secure as they know the potential of such an ore body next to infrastructure.
Next stages IMO
1. Substantial shareholder(s) appear giving the market an indication of who's behind the accumulation. When - anytime
2. The lab leaks the first drilling samples to those in the know. Geologists tip each other off. When 4-5 weeks
3. The path assuming JORC becomes clearer with spinning out the IO co from the Diamond co.
4. Kev may strike a Kimberlite pipe (Argyle style) in SA....or Twiggy may strike one on the FMG tenement where Flinders has the diamond rights. When ..anytime!
Think about the value of a massive ore body....thats the blue sky for Flinders.
Well done all the faithful.... this is another FMG story unfolding .... with the infrastructure to mine quickly already in place. Would be surprised if Twiggy doesnt snap it IMO.
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- chart looks sick
FDL
flinders diamonds limited
chart looks sick, page-7
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