for people trying to value this stock, page-92

Cmon Haspete

The only thing that drove the share price of EGO up was the drilling of the wildcat well: Valentine.

FDL do not have a 'wildcat' tenement here. Chances of success here will be much greater than 10%. In fact it is a very high probability that the 320m tonne estimate is understated.

Also directors of FDL are not exercising their millions of options and disposing on mkt like the EGO directors did during the price rise frenzy.

This rise has much more substance to it. The fact that the share price rose from 1c to 9c in one day and then maintained that level for a month before the next leg up was a strong indication that FDL is no one day wonder.