iron ore, page-92

"based on peer valuation she is overvalued"

But what makes FMS story so uniquie and worthy of higher valuation is the FMG miraculous story is right next door and today confirmed overlaps onto FMS's tennement. Of course the grades and size of the resource is still a big question mark. But how many people out there have watched FMG go from a penny dreadful and in a few years has made andrew forrest into the richest man in australia, and the company is worth some 25billion, and not said to them selves "damm i missed out," geez I would have loved to have ridden that success story".

The infrastructure is there if the resource is prooven, the location is right, and they are drilling with very positive initial results, I for one am glad to pay a premium when the upside vs the downside is of the chart.

As mentioned earlier, the clencher for me was
"The intial exploration intersection is consistent with consultant Dr Richard Russell's interpretation at this location and confirms an exension of Fortescue Metals Group's Serenity deposit into E46/882"