Ann: Resource Increased To 0.5 Billion Tonnes , page-49

nose, had a look at DMA

dma 476mt @ 23%fe
fwl 552mt @ 27%fe

dma 400+km from coast (no access to bhp rail!)
fwl 233km from coast (120km from open access rail)

dma upgrades to 58%fe with 9%Si
fwl upgrades to 57%fe with 5%Si

dma was 30cent 3 years ago, max 38cents, now 24cents
fwl was 60cent 3 years ago, max 90cents, now 15cents

dma looks ok to me (anyone with iron can't loose)but nothing that sets them out from the crowd. there are a lot of low grade junior ore players at the moment.
fwl has a unique plan and a different market. a market that is going up and up because there is not enough mpi

the only thing dma definitely has over fwl is cash in the bank and fwl can fix that by closing a deal.

i might buy some dma anyway because iron 'rocks' but i remain happy with my fwl thanks nose.