I couldn’t agree more L4L. There are interesting comparisons between FMS and BCK. In terms of resource Marillana looks to me to be very similar to PIOP. The main difference is that BCK has done a supply chain deal with MIN but have no rail corridor designed or approved. Imagine what FMS market cap could be with a supply chain solution? BCK’s market cap is now around $674m. Wouldn’t we expect FMS to be similar or better with a supply chain solution? A similar market cap would put our shares around 20cents/sh
FMS Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held