It's interesting to also note that FMG recently joined BHP (Olympic Dam)and OZL (Prominent Hill) in the geological province of Gawler Craton to diversify from their Iron ore operation. In October 2012 FMG was granted 13 exploration license totaled 4000sqkm.
As our Lake Phillipson is located within the Arckaringa Basin surrounded by majors and has the railway line running through our tenement, just maybe our tenement is worth some value.
Based on the short sell reported (24th January) 70% of shares that exchanged hands were shorted on that day.
It's interesting to also note that FMG recently joined BHP...
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