Key point's from FDL's latest ann.380 million tonnes original tonnage estimate,very conservative it will probably be closer to 800 million tones at 59.6% average grade,many samples well over 60%.Currently trading at 16.5 cents.Absolute bargain,best specky on the market!!
Please don't underestimate the strength of these rock chip samples,they have been thouroghly anaylised and is a great indication of the degree of mineralisation within the tenement boundary's.
'rock chip samples only represent the exposed edges of a much larger of CID & DID deposits that may lie under the valley floor'
'the wide distribution of positive samples in the northern parts E47/882 suggest that high grade DID's & CID's probably also occur in the major northward orientated valleys in the licence area'
'although these samples represent only small test's on the edge of the system in Area A.The results suggest that high iron grades may be cosistent throughout the profile in the rest of the licence area'.
We will put yesterday down to day traders or perhaps people that don't know how to interpret an outstanding report.
Hold onto your shares people,and lets get this puppy to were it belongs,at least 25 cents by next Friday arvo!!!
