re: fms is the only green on my screen today, page-4

re: fms is the only green on my screen today Yes, it will take the time. The time, the gut-crunching, and the no-straight-line up trend, would throw a lot of guys out of the game.

It is the JORC which could convince the big boys FMS IO is not the conceptual one any more. I don't mind to wait for the dollars. For the dollars I have waited for more than 1 year.

No all of pennies could be the dollars. No any pennies could be dollars in days.

However it is very attractive to the market crowd that
1. FMS IO is in Pilbara,
2. RIO and FMG are Its neighbors in Pilbara.
3. FMG will expand its IO operation which will be funded by some Chinese companies
4. RIO would like to sell part of its WA IO to ChinaLCo
5. FMG adn RIO needs more IO reserves in hands
6. China would try all to break down the monopoly in IO sector. It could be achieved by funding the IO juniors who have the proved IO deposit...

So it is possible the big boys would take inferred JORC as a significant facts or wait a little bit longer with 100% sure. But the longer and the more sure about FMS IO, it would become more expensive.

Which one would make FMS? I don't think it is a critical issue if the IO is huge.