Well as it turns out FDL will drill their iron ore targets next...

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 .