Delisting                                                "Show...

Delisting

                                                "Show me the Money"

                           Just a few numbers I worked from the back of a cigarette packet, bush math.

                           To sell a company, the selling price is normally governed by "X times yearly profit".

                            BBIG talk about a need to produce 45MT a year, so for this exercise let's use 45MT of our much reported high grade iron ore.

                            Say profit is say $10.00 a tonne X 45MT, equals a gross profit of $450,000,000   (remember we have lots of tax deductions)

                             $450,000,000 divided by the number of shares on issue, 3.49bn shares. That would be  approximately 0.12cents a share profit.

                              Now it depends on the formula you use, but this is a public company with lots and lots of potential, and I am not counting Vanadium.

                              Let's just for this exercise use 5 times profit, that would be 5 times 0.12cents a share, equals 0.60cents a share, times the total of your shares for a buyout price.

                              Now 0.60cents a share isn't too bad considering what's happening now. We have a "Gold Mine" if we have management willing to step up and find us the right partners.

                              You can see why there is anger with the minority FMS shareholders. I wonder what the top 20 shareholders think, minus TIO NZ Ltd and OCJ.

                               What do they think, and that chap that came all the way from Arizona ( I think), to check on his "retirement fund", I wonder how he feels now. Probably devastated like us.

                                All of this nonsense about poor quality iron ore, right next door to FMS ( in the Pilbara) is FMG (Fortescue), they are mining exactly the same resource as FMS (PIOP). So the quality of the iron ore certainly isn't the issue, FMG is a very successful and very profitable iron ore company in the Pilbara, they have a "Can Do" attitude to make things happen, and everyone is rewarded ( with good dividends) for being a loyal FMG shareholder.

                                So why are we, "Loyal FMS shareholders" discriminated against, FMS should just get down to business with the most economically designed system, from mine to port. There are others like Mineral Resources, who have a far more economic transport system, why are we using the most expensive.

                               This is my opinion only, do your own research.