One thing overlooked is that FMS will be cashed up.....still has...

One thing overlooked is that FMS will be cashed up.....still has ae few mill in the bank for the current programme.....and then gets 30mill from the options exercise.

Just been reading the MMX and MIS threads re IO in the Midwest....the consolidation is coming....and its the IO juniors that have cash that will be in the best position.

I've always put FMS on par with MMX and MIS as it approaches JORC.....yet FMS has better access to infrastructure and an already established relationship with Fortescue...and he chance of a much higher grade of lump IO in the Pilbara.

Being cashed up for FMS is a huge advantage as we enter the next stage.... they won't need to beg for a while...and the CAZ inferred resource to come will mean FMS is on track to a +1 billion tonne asset.

DYOR...yet for me it is the only place to put my cash...apart from Uranium...and some interesting oil explorers.

Patience....the ann we want is close..IMO