The PIOP JORC resource of FMS has continued to grow and now stands at 917 million tonnes. From December 31st 2011 report.
Management please get back to mining,and forget the MMK deal fiasco. FMS still has a fantastic Iron Ore deposit.
As the reporter wrote the following in the Sydney Morning Herald on 1st June 2012
Luke Smith, a Melbourne-based analyst with Ord Minnett, said. “You can stand at this project and look straight down the valley and see Rio's rail line. You can stand and look the other way and see 25 kilometers away Fortescue is building the Solomon hub. It is in quite a privileged position geographically.”
We have a great resource still.
fms enough of this palaver get back to mining.
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