fdl crystal ball what are they worth, page-8

I have tried to put a vaulue on the royalty component with hard data. Like I say, if anybody can argue that point with hard data please go ahead.

I can also say that it is extremely likely Dr Russell has just traced the tertiary unit boundaries on the GSWA's 1:250,000 geological map in order to determine a possible areal extent to target CIDs and canga, to applied the thickness of the FMG intersections to the area and then used this to calculate the quoted volume of potential tonnes for his conceptual model. I initially thought he may be onto a winner and he still might be but surely they would have referenced some sort of ground truthing if it was legit and come up with some rock chip samples before announcing to the market. That would have provided a lot of credibility. I can almost guarantee they will have some volume based on the proximity of the tenement to the serenity deposit but any volume is pure speculation at this stage which will be the facet that drives the shareprice over the next bit of time.