"Kwaidan ... only a fool would put forward the hypothisis that this resource once proved up will not be mined ... "
What makes you think that a 10metre thick layer of iron 50metres down is economic to mine?
Only a fool would think that all resources are economic to mine. Just look at SGW, PAS, MRE, to name but a few.
FMS need the assay results from the lab to confirm the thicknesses. You'd be looking for 57% Fe grades in particular. Visuals are great, but has the company said anything about turnaround times?
As an investment - FMS has many questions left unanswered. As a trade - FMS has been providing fun to hundreds of people for months.
Joel
My sentiment: It's your money - do what you want with it. Trade, invest, gamble, give it away to charity, or stage the most expensive fireworks display in your suburb.
FMS Price at posting:
11.8¢ Sentiment: None Disclosure: Not Held
