I dont see any takeover until all drilling and essays are complete.
I am hopeing that there is no takeover but would prefer to see FMS take on a joint venture partner, maybe FMG or RIO would be the two main players.
As I have said many a time I have been in this stock for a long time and still hold a handy parcel.
I still value this stock atm between $0.11 and $0.20, however we the latest news (Report no.28 and presentation) one may have to revalue it upwards to $0.40.
511m tonnes of ore (including 131m tonnes of possible DSO)inferred resource, capablility of increase of DSO ore, infrastructure close by, Pre feasiblity study to start one would expect it to be above 10 cents by now.
DYOR DYOR DYOR
However still a long way from mining
FMS Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
