hold excellent at fair price, page-29

To get dollars from pennies, FMS needs to get it ready and it seems it will be ready before the next significant market sentiment change positively.

What should it be ready?
1. It should be ready for a indicated IO resource after its new drilling program on Area A and E47/1552.
1.1> It will target a exploration IO target, 270mT which should include more BID IO depending on the open size of the existing drilling channel especially Area D.
1.2> It would be excellent result if the new IO is 270mT
1.3> It would mean 730mT IO is in hand if so.
2. It should get the scope work ready
3. It should get the pre-feasibility and feasibility study as a independent IO producer.
***
If the feasibility shows a quick project for IO production with BID IO, the global economy should be ready to another expansion.
1. It should be a decisive but painful transition time for FMS if it makes its mind to be a producer rather than just a explorer.
2. Soros predicted "China will be coming out of the recession faster than the rest of the world"
http://soros-news.newslib.com/story/8608-1983/
If it is true, it should be around 2010 and great for FMS to get a comfortable environment.
3. Once the feasibility is ready, more work need to be done to get the senses of its future. It is a critical time
4. The most possible time big boys jump in with high confident and details of the project and capital requirement.
***
FMS has 14million dollars in bank. It seems no any problems for it to get the feasibility done with the indicated IO resource.

What will be the consequence? IO producer, Takeover target, get big boys as partner, or fail at the stage of feasibility stage? No one know but it is worthwhile to bet for dollars.