I know that KW has stated that he does not want to do any deals yet but how do we know that the Chinese are not buying up shares as we speak.
I have seem over the last few days 1000000 shares or more being obtained and one of those at least being overseas trader
Even if we only take the 113M tonnes of possible DSO then based on our current market cap this means that this resource would be worth only $1.36 per tonne in ground value. (Based on $70 tonne and current the price per tonne for ore @62% is $160 per tonne)
About two weeks ago the industries average for in ground value was around $4 per tonne.
FMS Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
