0331 GMT [Dow Jones] Flinders Diamonds (FDL.AU) shares more than five times higher than Wednesday close at 5.7 cents on news of iron ore target on the Pilbara. Flinders says an independent review at its wholly owned E47/882 exploration tenement has identified an iron ore target of between 325 million and 390 million metric tons. Flinders says it is now looking at options for further work on the target which, if proven, would be a company maker. The target is next door to Fortescue's billion ton Solomon resource; prospect of a Fortescue takeover of the junior company to help underpin its own project helping drive shares. (APW)
FDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
