FACTS:
- FDL have proven nothing.
- Iron ore occurs in clusters.
- FDL own tenements next to a 1bn tonne inferred reserve by FMG
- If FDL sures up their 'conceptual' 320m tonnes the SP could go well over anyone's expectation. I am talking high end 4 digit % returns.
- The upside is beyond comprehension. An believe me with 320m tonnes of iron ore for a coy like FDL at this market cap... THERE IS SIGNIFICANT UPDSIDE!! Don't let anyone tell you anything else.
- Along with exceptional upside, there is also significant risk. It is only 'conceptual' - it could be 1 tonne or 1 bn tonnes. That is why no-one is willing to pay more than 15c. once drilling starts and we get an inferred resource.. thats when the party will begin.
- The SP over the coming week will be choppy. It could test 20c or beyond. With this much upside.. there will always be people who want to get in below 10c.. because if proven.. 10c is a joke of a price.
RED HERRINGS:
- DOWNRAMPERS AND UPRAMPERS
FDL
flinders diamonds limited
