Well, as a line in the sand, an Independent report was done for...

Well, as a line in the sand, an Independent report was done for FMS during the MMX offer.
So all the Ramper's trying to argue this, well an expert has done this valuation already.
Just hope FMS see the wisdom of using the same company.

So what has happened since this report.
Ore price has halved, so 50% reduction on 30 cent's offer= 15 cents
But ore PIOP has increased
BID has been found
Govt approval for rail
Way to port available
High grade ore, FMS own report's confirm this ( low silica)
BOD ( Rail) 70% transport saving's available ;

These are the fact's and supported by official report's
let's discuss the value above this!!
Garry Sutherland publically stated in 2011, that if FMS went to production, Share price should be valued at around $1.70, so something to think about , in the true valuation coming.