this will fall hard, page-53

Of course. Thats good, as you will know what you are doing. Not meaning to splash cold water. "Potential" is a very unknown word, can mean 15c, 10c, 5c or even 2.5c... as thats already 250% from the initial price. The announcement is a very very preliminary stage announcement, and a GREAT example of an annoucement made by a company which excited the hell out of the market was... ORD River, not too long ago. The share price tanked not long after the announcement and many got burnt. Hence the management of the company making such announcements have a great responsibility when making such massive claims to the market. If FDL has the goods to back up this potential, then we should see survey program, drilling program, strngthening of management with a more Iron Ore Experience, inferred resource, then JORC Resource, then Joint Venture Partner and of course cash and more cash to be raised during each stage. Its a long road from 1 to 10 and we ar eon no. 1, so lets hope all players recognize the bollocks when someone makes comments like FDL will be the next FMG! LOL. FMG is probably on stage 8 now, nearing production final funding, and secured Buyers.