Re the market cap....do the math on a JORC'ed ore body 380 up to a Billion next to the best infrastructure in IO today with a strategic partner already in FMG and RIO all in its neighbourhood.
The probability of the drill results being adding further to a cracking JORC is approaching at least 80-90%...then add the takeover premium....
Remember FDL is an explorer...when the strike gets JORC'ed this baby is valued on a NPV of future IO cashflows on a mountain of IO....
Still cheap IMO at these levels...the big boys will pay up IMO for the ore body..and will well and truely be looking at it over the next weeks and months as the drilling starts.
Remember....this is the Pilbara....the richest Ore body region in the world along with Brazil.
a 2 to 6 month play for the big multi bagger rerating IMO
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flinders diamonds limited
market cap valuation, page-28
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