Hey Warnie, Yeh I have read the report. 3 things that didn't make the IO deposit commercial in 1999 (Prenti) and again when RIO drilled in 2002. The price (then) of IO was low The cost to get it to the ships - infrastructure FDL(and again Prenti) were looking for diamonds Yep, simple but now the expected IO target is commercial and with FMG's rail they will have access to the port. See you at the AGM in November. You don't think this announcement is about spinning off Flinders Iron? Beerzy
FDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held