Greedygecko writes:'yeah here is a thought for you!!with no cash...

Greedygecko writes:

'yeah here is a thought for you!!

with no cash to build a mine why would anyone want to pay you production multiples for it? they havent even drilled it yet, what happens if there is very little iron?

get your hand off it!!!'


Here's a thought for you Greedygecko:

That's why it's market cap is round 100 million not 1 billion. This is not FMG yet and we don't know if it will ever come close to 1/tenth an FMG. If we knew this, or if they had cash to bulid a mine and it was proven that there was a whole lot of high grade quality iron, then it would be worth a lot more than it currently is.

In buying FDL I am buying potential assets not actual assets. This is called a speculative stock for this reason. If you cant understand that, then dont buy it, instead go and buy some FMG.