flinders valuation compared to its peers, page-2

Sugbess,

Its a two fold effect here.

1. 320-390mt tonnes - Is only a conceptual estimate. We don't have drilling cores or the like, just a Geo estimate. Hence there is always the 'uncertainty' surrounding this stock and its tenement

2. Valuation - how can one value this stock when there are no concrete numbers/data to work with.

On the flip side;

1. Geo has stated that it conceptually has 320-390mt tonnes - and as you have aplty pointed out is $0.52c per share of value. We are now only $0.14c per share of value...hence I can see a gap up to $0.26c to be conservative.

2. FMG are involved and are in discussion with management.

Its how one views the stock. Coincidentally, I bought more FDLOA because I know this will and should break 0.175 tommorow.

Cheers
D