flinders mines , page-3

Interesting link iamironman. However, from my understanding that is misleading journalism. It reads as though all has been approved but the actual hearings for the applications for third party access to the Goldsworthy, Mt Newman, Hammersley and Robe railway lines (RIO/BHP lines) formally commenced on 28th September 2009.

The Australian Competition Tribuneral (ACT) has its next hearing for these applications listed as 23 - 26 February 2010. This is listed as a "Part" hearing so I think there is still a way to go but at least its already in progress and a decision to allow access can only be of greater benefit to FMS.

It all seems to align well to FMS. By June 2010 we could have a number of things coming together to create the perfect storm for shareholders;

1. Third party access decision by ACT
2. BHP/RIO merger completed
3. BHP/RIO merger completed and they start concentrating on merger/aquisition possibilities (FMS good target)
4. Drilling and resource update to include higher quantity 58% + fe (very important)
5. Completed feasability study by Worley Parson
6. Split of non-essential diamonds/phosphate division
7. Confirmation that REAL talks are commencing regarding mine gate sales, spur lines and/or off-take deals with the Chinese.

So many positives. News regarding the first 3 will move the SP forward. Positive news regarding 4 - 7 will put a rocket under the stock.