Hey Druidic, the way I see it, FMS has over 600mt of quality iron ore in the best location in the Pilbara with neighbours such as BHP, RIO, and FMG.Now surely the inground value of the ore should easily be worth $1 a ton.What does eveyone think? I know that they have a lot of shares on issue but FMG has double that amount and at one stage after a reconstruction of 10 for 1 they were trading as high as $13 a share.I think FMS are worth a lot more than 25c if the world economy contiues to do well.
Cheers Carmen.
Hey Druidic, the way I see it, FMS has over 600mt of quality...
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80.5¢ |
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Mkt cap ! $160.8M | |||
| Open | High | Low | Value | Volume |
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