iron ore news .. flinders next, page-3

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.