double announcement, page-57

Druidic, I bought in before the last raising and have coped much bigger disappointments before. Ever heard of Babcock and Brown?

You did raise one thing which is obvious. If the infrastructure to get the mine operating needs to be in place within the next 2 years there must be a capital raising or jv.

The feasability study will be done, the newly employed engineers are getting getting on with it. All the company needs is money.

However going from explorer to miner is a massive leap.

It turns into P/L.

So I can't see a problem as any raising for the mine infrastructure would be heavily supported.


And as the saying goes for FMS;

'if the only problem you've got can be solved with money then you haven't got a problem'

Again Druidic you raised the issue of the company managers and to date that point has credibility.

I also agree that there are better plays around but IMO a holding in FMS would be a smart move for any investor needing a mid term mining stock.


I feel optomistic...and it's a beautiful lazy Sunday to boot