FDL flinders diamonds limited

Dunno777, Well done on your reporting sp still above 10c as I...

  1. 1,377 Posts.
    Dunno777, Well done on your reporting sp still above 10c as I expected would be the case this week. The things you have mentioned will be the catalyst for further increase in sp. I think that the person you overheard say a 30c to $1 value may be referring to in the ground value whereas You said Dr Wills view was that a 1billion tonne resource would add $4 per tonne to FDLs market capital. That would translate to a shareprice of around $4 and for a 340mill tonne resource a shareprice of around $1+.

    Almost seems like the market may have been manipulated last week to keep sp under 10c. To me everything points to something big going to happen soon to the sp with huge institutional interest. All the signs are there. I also dont think we should underestimate the diamond side of things. The Late Lang Hancock made it big with iron ore but DR Wills may yet become both an iron ore and diamond tycoon.

    Cheers
    SAV
 
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