yes. people will want to get into potential iron ore producers, to break the duopoly of bhp and rio (its not easy).
fdl with a large resource will be at the top of the sector imho. grades have to be confirmed of course, and they have basically an extension to fmg's CID already.
It is different from the others because it has no near term production to fall back on. It will only produce after FMG builds a spur line. It is dependent on FMG's financial success and ability to fund a spur line. Also spur line may not be built until phase 1 of operations are proved(i.e. cloud break + 100mpta). This may not occur till late 2009 to 2010 realistically.
FDL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
