The final assays due imminently and then Kev outlining the plan from here and an updated resource estimate for the BID will see this baby back over 10c pretty soon. Speaking of resource estimate...2 billion tonnes is not out of the question IMO...of at least 58-61% Fe. Also it so critical that FMS has over $14mill of cash in the bank. Its looking very good...topped up today as this baby is so undervalued on the Ore body in any market perfectly positioned for the recovery in the next 18 months - 3 years. Im sure Kev will do a big roadshow and maybe visit the Chinese Steel mills ...and given he is close to Twiggy Forest at FMG I reakon the strategic importance of the find will be a boon for shareholders sooner than some think.
Pelm your thoughts???
The final assays due imminently and then Kev outlining the plan...
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