Let's not forget Warnie there is every indication that the...

Let's not forget Warnie there is every indication that the current iron ore price negotiations between the big three (BHP,RIO and CVRD) and the Chinese may result in up to a 50% increase in the spot price of iron ore...so your valuations may be somewhat on the conservative side if FDL bring this project to fruition. I strongly suggest that interested holders review many of the excellent posts by tradeforprofit as he is a master at identifying emerging value transition companies such as FDL.