flinders and its if factor

I did a post this morning which contains reference on the MNM thread to Flinders and thought some of you might be interested in reading about my "if " factor as it relates to Flinders.
There are a few people who have made comments about Flinders not having a proven resource and I hope the post below helps you with why I am a Flinders shareholder (since sept 2004), the reference to Flinders is about half down the post,cheers fatstocks.
An extract from the post .....

"The "if" scenario is of considerable value in identifying potential stocks that can grow their market cap under various scenarios of resource identification and I have invested in many such stocks that hardly anybody else were considering the value of the "if" relationship to the low share price and the future prospects.
Some such companies in which I identified the "if" factor and have invested in, illustrate the value in wealth creation by a thorough examination of the "if". It doesn't always of course turn into an increase in the value of the share if the "if" didn't eventuate but in my case, they did.

Some if's that have rewarded me for my "if" research are ( I have since taken the profit and sold.I have put in brackets my "if " entry price) QGC (.19c), CUL (.065)FXRO, CTN ($1),CAL (.43c),APZ,FLX (.06c),GBG (.072c),MPOOA ,RMI (.005),WOR ($2.84) and others.
Interestingly with QGC, they were pioneering the coal seam methane in the Surat basin and the critics were thick and fast but to my mind, they were worth investing in because of their "if" factor in what was then, a new energy source that had a lot of potential "if" they could get the extraction worked out which they have done. I learnt a lot watching and reading their regular reports to the asx about their drilling.
I expect that this knowledge will assist me in the progress Mantle makes "if" they prove up a CSM resource worth something.
Of course there have been "if" stocks that never moved and also went down and that's the nature of the "if" stocks, the concept is though, that the two thirds go up, one third go down and the exit costs for the one's that go down are about a third of the initial entry price but the two thirds that go up, do so by generally 100%, 200% and more by securing a holding in the company at "if" prices rather than buying them when they are "proven".
You might notice that some of the prices I entered the above stocks at illustrate how unloved they were when I decided they had the "if" factor.
Some that I am currently in and are yet to realise their full "if" potential, but have increased between 150% and much more are FDL and GDA,( I think they have potential for a 4 fold or more increase still to take place).
Some companies with the "if" value I have invested in that haven't increased in share price (much) yet but contain the "if" factor are MNM ( up only 25% atm) and MXR ( up only7%) .
I am running the ruler over about 20 other companies for their "if" value at the moment.I expect that I will invest in about a third of them, a third of those will go down by a third and two thirds could go up as previously mentioned.
I hope that explains why I think the "if" factor is well and truly worth discussing.
I have been following the asx since the 70's and have actively traded for about 10 to 15 years in that period. My trading style has improved considerably over the years and if you read some of my posts on the FDL and GDA threads you can see I am tolerant of other people's opinion, I am very much into research and the "if " factor and I am happy to share my thoughts.
Mantle has good "if" prospects in coal, CSM and phosphate which I will continue to research and comment about. I consider their gold prospects undervalued and further advanced from the "if" scenario.I consider their coal prospects have more than an "if" factor but they have a lot of infrastructure to set up to sell the coal particularly at the port of Cairns.
If anyone has confidence in MAK for their phosphate, an investment in MNM for the same, is in the "if" category but there is no price factored in to the MNM share price as yet and that's why I have become a shareholder. I see potential for about a 5 fold increase in MNM on the phosphate potential alone "if" they can identify a resource. "if" that tonnage and quality exceeds that eventually of MAK's, over time, I see a proportional increase in MNM sp. That will be perceived as a ramp but I see it as a legitimate comment about the fundamental "if" factor. Gondwana is probably the cheapest entry into a company on the asx with "if".
Flinders has a more recognised "if" as they work towards identifying the iron-ore in tenement 882 and explore for diamonds ( there's huge "if" factor in the diamond potential value if they find the source of the diamonds they are increasing their exploration data on).
I don't see much "if" value in MNM's uranium even if they identify a massive resource, due to the current state and federal government anti-uranium policies.
I was reading the links posted yesterday by Slappi I think it was , to some articles on world demand for crops and phosphate and these articles have firmed up my ideas about the potential "if" value to MNM in moving towards a rapid exploration of the MNM phosphate targets. I will be contacting head office and discussing my thoughts on this.
There are three main commodities I see that have growth for many years to come; i.e., energy, food and the materials sector. Mantle are targeting all three of those.
We live in a changing world and the companies that target resources that are demand driven will be the one's to invest in, in my opinion.

I am currently viewing a very interesting link which puts into perspective the changing world we live in. There are some amazing statistics relating to China,India and America.


cheers and I wish everyone a successful week on the asx , fatstocks.