drilling

Well as it turns out FDL will drill their iron ore targets next year, but we knew that didn't we .
All that has changed today is that a director sold a small amount in the 10's which I interpret as a chill pill to exuberent speculation (that's how I reacted to it) at a time when he would likely have had knowledge regarding the likely extended timeline for drilling and gaining an inferred resource .

I personally believe holders will be richly rewarded with those drill results next year, but some may speculate that with a market cap of $75 million now FDL is cheap enough to attract ASX majors or International investors on to their registry .
Reflect on what a drilled resource of 350 million tonnes will be worth to this minnow next door to Fortescue Metals, and indeed many will not mind waiting less than 10 months .