you're right, investors are flocking to throw $$$ into a landlocked low grade 11yr resource such as FMS..
IO is cooked here for many years to come, Roy Hill just sent its first ship, 60MT/year of higher grade and lower cost than this mine could ever wish to produce, the oversupply is here to stay ... but the people are talking up offers north of 5c?!
if i were Todd id sit tight and pick this up for a song and cotton ball it for a decade..
OCJ, page-49
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