Also worth noting the management have credibility...experienced geologists..and have underplayed the potential resource. Don't be surprised if the resource is much more than 390 million tonnes.
Kev Wills was involved in the discovery of the Argyle mine....is very well connected.
Also remember that with the IO price increase over the last 3 years and the demand from Industrialising nations (predominantly China) these resources are very economic.
FMS has huge Blue Sky IMO...and the probability of a huge resource of high quality IO is very high...with infrastructure and investors/miners nearby.
This Pilbara expansion and consolidation is a once in a generation or two. Twiggy has paved the way....as has China's demand.
DYOR
FMS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
