I hold these, but you are dreaming. Look at the Market cap and do the calc before predicting future share prices.
at 80c, these guys are worth $780m. At $3 they're worth $2.9B.
With low quality Iron Ore at poor grades, they'll find it hard to justify anything near $3B. With little or no Lump ore they will need to mine about 20tpa at least, and would be better off going into JV with FMG to use their equipment and rail for 30 or 40% profit, rather than trying to raise that much cash themselves and dilute the shares soo much.
If they can do this, they should well and truly justify $500m and possibly edge out $1B - depending on fe prices.
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flinders diamonds limited
very detail presentation, page-2
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