tick the boxes

conceptual resource- YES
FMG find 1billmt ore right there- YES
FDL are spitting distance- YES
part FMG resource is on FDL land- YES
demand for iron ore massive- YES
market sentiment for irone ore high - YES
Its 8c a share- YES
about 4-5 months until drill starts- YES
about 2 months of drilling time - YES
about a month or so until result known - YES

Ok so we have 8 months until results give or take a month or 2............

Using 10% rise in SP per month from
Nov 07-April 08
Before drill begins.
Sentiment high- YES


nov 9c per share
dec 9.9c
jan 10.89c
feb 11.97c
mar 13.16c
apr 14.47c

May-July and drilling is upon us-
15% rises per month on SP -anticipation rises


May 16.64c
June 19.13c
July 22.02

August the month of results
SP rises another 20% in anticipation

Aug 26.42c

Late August the results come out

Inferred resource- YES- 40c plus depend on find
No resource- get out FAST.


Thats my minimal and conservative SP guess on potential over coming months.


Just basic calculations based on the anticipation on the resource.

They find we win
They dont we lose

simple really


ok........ back to my JD, porn mag and winnie blues