nearology for flinders and the pilbara, page-11

I'm comparing SDL and FDL because of their large target resources and speculative nature. Yes on is in Australia with near by infrasture while the other in Africa 400km inland with no infrastructure. But my point is TARGET RESOURCES and SIZE. I wouldn't say FDL is undervalued because they have a long way to go with their drilling program. Comments like: "We'd take a 1/4 of Twiggy's market cap any day....shows why fdl in undervalued as the probability of the resource being trued up is close to 80-90% IMO..." are just plain ridiculous.

FDL has done a recent placement but it has no where near the cash SDL has to complete their respective drilling programs. However SDL's target resource is lot larger than FDL. Also look at the heads of FDL and SDL, Kev/RK vs George Jones.

FYI I don't like either stocks.

Check out last Appendex for exercise of employee options. It will show that 2,803,205,670 FMG shares are listed with another 18 million outstanding. So FMG is valued at around 26.2 billion. "FDL can easily take 1/4 of Twiggys MC" LOL. Do you think FDL will ever produce 200mtpa? or even 55mtpa? LOL.

Enough from me this will turn into a war me vs HC newbies. Goodluck, I hope the drilling program is a success and you get your 1/4th MC of FMG because of that.