FDL flinders diamonds limited

FDL has made the noise and attracted the punters while Brockman...

  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.

 
watchlist Created with Sketch. Add FDL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.