FMS

I bought this once they got out of diamonds ,for the sole purpose of its iron ore.

Lets go back to Flinders Diamonds 2005 Annual report, when the Company was only interested in DIAMONDS.

Flinders noted in its Annual Report that in 2005 the company reached a deal with Andrew Forrest’s Fortescue Mining under which the junior miner Flinders would receive a 1% royalty from Fortescue’s mining. The AFR noted today that “about 220 million tonnes of Fortescue’s new 1 billion resources released last week lies on Flinders’ ground”. Yes Flinders Land holdings given away for 1% ROYALTY. We only wanted the Diamonds back then. Now we don't want Iron Ore. Well I do!

Next Flinders will mine Gold/Vanadium/Nicel/Copper at Canegrass. Is there anything that Flinders won't have mined. What about a Salt mine. No I have developed high blood pressure ,so stay away from the salt.



http://www.crikey.com.au/2007/11/23...livering-790-to-shareholders-since-yesterday/