LOL WarnieBy all means and many has known, it's only "target"...

LOL Warnie

By all means and many has known, it's only "target" resource.

You may recall that when the U sector was hot, some specs which has a "target" resource was being overvalued using current spot U price. And when you look at their SP now, it's about less than half of their peaks.

Same thing goes to FDL, being valued at nothing but a paper statement with a consultant report stating a target of 300Mt plus.

However, on the other side, there's a high probability that FDL tenament will hold some Fe, whether it's 50Mt or 500Mt, who knows. Until they dig a hole, it's all wild dream. But the chance of hitting Fe is higher compared to other tenament, as you can see from the report that the recently announced FMG 1Bt was nearby.

I bought and sold various parcels and made some good profit from the swing, but it's a wild ride.

As previously said from TA perspective, this SP will consolidate for another 1-2 days before the next leg up. We'll probably see some low 7cs again on Monday before starting to consolidate higher.

You don't hava to buy big for this, even a small parcel of $10K may be good enough in 1w, 2w or 3 Months time. Time will prove that they are likely to have something, but you'll have to balance your risk and reward.

cheers JM