conceptual modelling should be banned imo, page-77

stevenjd,

I don't follow FDL closely but my understanding is they get big ticks for most of the infrastructure requirements and they have a quality cid resource. The market generally gets it right in the long term and continued market support demonstrates that FDL seems to have the goods.

EPS gets a few ticks too from the infrastructure perspective but they do not have a demonstrated resource advantage and this is a big flaw in their operation. In time perhaps they will prove up a significant ore deposit but right now they have their cart well in front of the horse.

I do like to see market success. It brings confidence to a market and that's exactly what the market needs. I'm more than pleased with FDL's success and I wish EPS holders the very best of luck. However I feel EPS went too far in hyping up the unproven resource potential of their iron mineralisation.

I took my profits and put them into another iron ore explorer at the diagonally opposite end of Australia. This company has ticks against all the infrastructure needs and a number of significant advantages with the mineralisation.