Come on Raks...you are dirty on me for saying CVI might...

Come on Raks...you are dirty on me for saying CVI might crash....it did actually lose 50% of its high down to 20...but is holding well now.

Anyway....to be honest...I was sceptical of FDL holding around the 9 level after the spike 2 days ago.

It held really well today consider most of the market was down. BHP was dowt 4% at once stage during the day.

FDL is in the process of proving a massive 390 million tonnes of iron ore.

Signing it over to FMG will give them $1 or 2$ per tonne.

They ar enext door. You all know the drill.

We are getting closer to this being proved.

A few stock broking firms are now on the move buying FDL.

If FDL proves close to the 390 Mt of IOH.....9 cents is probably 5 times undervalued.

I believe we will know pretty soon and thus FDL is currently undergoing a re-rating.

It may not prove to be even a tonne of IOH. It may be more.

But that is the stockmarket.

Based on my research though....I would say as a minimum they will have 200Mt of IOH....but probably more.

So I bought on close today and will hold till the resource is verified.

There is something else to point out. Some stocks tend to go really well during the break while people are off having holidays.

I think FDL will creep up during this time and in about 3 weeks be sitting around 15 cents.

But this week...yeah I think we will crack that 10.5 cent wall on monday or tuesday and plough through it.