Yeah good luck Frank, if FMG operations go to plan, I think they...

Yeah good luck Frank, if FMG operations go to plan, I think they were the standout in the IO biz. It's the GBG shareprice that has proved to be the laggard.

A while ago I worked out valuations and comparisons between the IO companies and related it all back to their shareprices. Understand though that there are a lot of variables and assumptions in doing anything like that.

I took into account- shares (diluted), resources, projected revenues, etc. and concluded (at the time) that FMG's shares could be priced at approx. 10 times that of GBG's.

Currently, FMG's price( pre the split) would be running at over 80x that of GBG's!
In other words, post the FMG 10:1 split, FMG and GBG shareprices should have been reasonably close to one another. Not 8x post split- or 80x pre split!