Maiden JORC of 476mt is only 63% of the potential target of 752mt or 50% more resource target to be announced....
Resource is definately 476 MT High grade 55% fe which is a good start and could rapidly go to over 752mt>>>> 260mt target which as we have seen has been exceeded before - rememeber the initial target was only a couple of hundred MT.......also the CAZ site has not yet been drilled...so who knows we may get a lot closer to that magical Billion tonnes..
Too many armchair experts and no one has actually put a realistic value on FMS...most trying to peddle their own stocks...UMC and BRM are not really comparable...given the small size of the UMC resource, and BRM's low quality ore and number of shars on issue...
There is a suprise to come IMO
FMS Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
