Is it a girl?
From my other post - They [FDL] drilled in 2003 for diamonds and only tested for that - maybe IO was too cheap then. Rio drilled in 1999 with another company and walked away - grades and proximity didn't make it commercial.
From Beerzy (with another beer in is hand)!
So, you and I hold stock and I think this ground will go to Flinders Iron and I expect the stock to go up by 25 times from todays prices. IO is still going up.