the irony ore of it all, page-10

LOL savadamoney.

I'll bet my car that FMS won't be $2 in 2 years!

They have over $1.1 billion shares on issue. So $2 means $2.2 billion in 2 years without any chance of nearing production by then. Also they will need a lot more money to continue the digging so they will have to issue some more shares.

The only scenario (which is unlikely) that it could reach $2 in 2 years is if they find 1 billion tonnes of DSO iron at >57% Fe which at the moment only the big players can boast that.

I agree with Mozart that BRM is way undervalued by the resource they currently have but that's a different topic.

The only reason I brought up UMC was to show a comparative resource & drilling inference. I wasn't trying to ramp UMC.

In my opinion, if they announce 200Mt then the stock will probably double or triple what the current MC is but then there will be a big sell off after that.

It always happen as they say buy on rumour and sell on the fact.