why would fmg pay over the odds for fdl

seriously, i've heard all the hype but let's at the facts.

1. inferred resource at best, no JORC but lots of hope.
2. FMG has a long-standing agreement with FDL, from memory capping their royalites from any iron ore deposit on FDL tenements to something like 3 - 8% in exchange for FMG's diamonds
3. FDL hasn't the cash or capability to develop or fund a mine leaving FMG as the ONLY partner in order to exploit this deposit.

so all roads lead to FMG and they could easily screw FDL if they wanted to. at best, they offer an all-scrip offer to FDl holders (if they seek to take it over) but i wouldn't expect a massive (if any premium).