Hate to correct you on this but FMS did not find diamonds. It...

Hate to correct you on this but FMS did not find diamonds. It was a classic error - they looked like diamonds, they were found in an area suspected of having diamonds (diamond indicator minerals were present, etc), but they weren't diamonds.

However to "correct" pelm1, the IO was reported on the back of an investigation by a respected geologist and in good faith the results were reported. More recent work has indicated that the IO resource may not be as big as originally thought, however even the more recent conservative figures place the resource in the 300Mt+ area, with potential for more.

So, FMS probably have the goods, but what we have in investors are nervous nellies with no backbone. Sure FMS erred on the diamonds, but give us break, the IO evidence is compelling and is in the right place, being right next to FMG, which can only reduce the risk factors even more.

IMO of course...