share price today, page-22

Yes, yes, throwing around large numbers I am bound to get it wrong, however I only intended playing with ballpark figures. E.g. if FMG has 3Bt of IO (and more coming, as you say) and FDL's little tenement is proved to at least 350Mt - an FDL share price of $60/10 or $6 is not unreasonable.

I came to my previous numbers based on the Pilbarra area around FDL tenements only but should have researched FMG more; nevertheless it still indicates the kind of ballpark value FDL could be associated with.

My 3:1 ratio has to be taken as tongue in cheek, but my 20:1 isn't so far fetched - even if FMG have 3Bt of resource!

BTW, it is true that FMG will have the infrastructure, however part of its agreement with the WA government is to share the infrastructure with others, so FDL will have access to that infrastructure too.

Finally, all I am saying is that it make sense for FMG to consider a JV with FDL or purchase the rights to the FDL 47/882 tenement and that the value for this could be up to $6 per FDL share.