"was researching this very topic this morning because of my holding in FMS. They are about to release their maiden JORC reserve towards end of this month. Value of their ore should go from around 30c/t to 50c/t. They have good prospects for transport"
FMS have a very nice resource behind them but the bold bit is way off the mark.
That is the greatest impediment facing FMS & until a solution is found there the stock will find it very hard to appreciate a much higher value IMO.
RIO will never grant 3rd party access to the Hammersly Line, they will pass off rhe Robe River line to 3rd parties, but that is no good for Flinders.
- either FMG build their own line for the neigbouring deposit and grant access.
- or RIO takes out FMS...
Until one of those options plays out there's not much besides a deposit in the ground that has nowhere to go...
as always the greater the risk the greater the reward.
in ground valuation iron ore, page-7
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