FDL flinders diamonds limited

iron ore news .. flinders next, page-3

  1. 1,057 Posts.
    FDL has made the noise and attracted the punters while Brockman slipped under the radar.

    One had a market cap of $90M with a 550Mt with an indicated and inferred equivalent tonnage if upgraded to 59.5%Fe (final product). Now has a market cap 3 times what it was yesterday.

    While FDL has market cap of $130M with a 200Mt conceptional (educated guess) at 59.5% (I think but am not sure).

    Conclusion:

    FDL needs to drill a hell of allot of holes to justify its market valuation.

 
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Currently unlisted public company.

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