points of interest

http://www.flindersdiamonds.com/announcementspdf/asxAnnouncements/asx2007/fdl_20071210kwBrokersV2_book_small2.pdf

please have a good read of this...



some of my personal highlights

page 7- thickness of channel iron deposits

E47/882

Now look where the FMG iron resource target runs...u got it, straight into E47/882.....there is iron ore there.....unless the holy lord decided to draw a line there and stop it...lol

page 9- mapping

Area E might be the one that gets a higher resource reading than 63.......just where its positioned and relaying the map back to the FMG analysis...has to be more.....area E is my smokey....

Page 11- railway line.....do u think its close enough....u beat ya it is....very minimal infastructure costs compared to most iron ore prospectors........a real bonus.

Page 13- resource target definition

This is due in the first Q- as in jan/feb
...likely march

This will get the SP moving

They have enough funds until say June I think......By June I can see either a cap raising ....and/or investment by a major player.


They could get more funds required then by firstly a share consolidation....1:10 is my preferance
they need to tighten the share registry imo......

meaning shares would be reduced to say 90 million.......
followed by an issue of more shares through a cap raising at say 90c-$1 share......
which is 9-10c in todays figures.....
they would only need to offer say 20 million shares .....
Puts $20 mill cash in the bank......
and then by Sept 08 another $30 odd mill will come in through the option conversions...........

$50 mill in the bank.

A lot of guessworks here....but if i was the owners...id be modelling my raising of cash on something similar.

Come Oct you would have...
300mt plus resource
FMG are ready to go May...so infrastructure in place if they allow it.
50 million cash in the bank
also the diamond tenements and JV's
the crusher/sorter
A much tighter registry with only say...
110 mill shares

Anyway just a thought.