1. Resource Potentials from Perth has done the geophysics in Chile and they has found some very large magnetite structures, which at this stage have not yet been been quantified?
2. The district mapping shows not only magnetite structures but also copper and gold on their tenement?
3. The mine is situated on the coast next to a 4 lane highway which connects to two deep sea ports between 20 - 50 Km away that can handle Cape size ships?
3. FHS is now actually crushing and selling Iron Ore to the BHP of Chile ... CAPS at their Romeral pelletising plant?
4. And the share price has halved since listing early this year?
I don't get why FHS's stock price is so low when you compare it to stocks like CIA which is up 312% in the last year, IRD + 104% & SDL +33% - when none of these companies has any recorded sales let alone the fact that they need huge capex for infrastructure just get product to port, let alone get a mine actually started.
Is FHS a big Buy or am I missing something here?
FHS Price at posting:
10.0¢ Sentiment: None Disclosure: Held
