io to be fast track with capital raising, page-22

yep I am sure they hit 60% Fe drilling for diamonds and totally ignored it lol

Problem when they start drilling is what is currently pure blue sky conceptual target becomes reality and hard work. Sure they are cheap based on the "conceptual target" but there are many cheaper iron ore stocks with targets a lot better defined (some have actually drilled!) and with lower (relative) market caps.

FDL may be a ripper but doesn't mean it represents good value cf plenty of others at this present time.

I hope it makes its shareholders rich though.