yes, kat, almost 1 billion, infact the dillution to aquire the...

yes, kat, almost 1 billion, infact the dillution to aquire the 90 billion dollar IGV asset is about 1.2 billion if you include the oppies.

So, the fully dilluted mc is 1200*.05=60mill.

60 mill mc for 90 bill igv coking coal.

And thats on one tenament, they are evaluating their second tenament, so maybe a whole lot more.

As it stands, the same quantity of coking coal that cds has in its South african projects.

FSE, can look to be a true peer to cds, but at this stage are probably about 12m behind in due dilligence, box ticking etc. The market has approved of CDS, and FSE will follow.

The long term support is at 5c, so what do you have to lose from entry? What do you have to gain. Its the hot sector, and the right real estate at the right price IMO.

cheers