Dont really follow FMS but I dont imagine they will be getting...

Dont really follow FMS but I dont imagine they will be getting to production in the next six months like IOH unless somehow FMG softens its stand on rail access.

Yet FMS has a market cap of around $60m compared to $85m for us (including cash of $60m).

IOH also has an independent mine to port solution in the pipeline with various players interested in partnering (infrastructure companies, private equity and other mining companies have been mentioned). I would think post PFS completion and a positive announcement on financing then IOH will be way ahead of any other junior in getting its ore to port. 30 chinese still mills have signed letters of intent for 30mt of production already.

So by early 2015 we could have a minimum of 4mpta of production going from Iron Valley and by 2016 9mpta with Bucklands coming on line. So a much more appropriate comparison would be BC Iron as mentioned on these threads who have a market cap of $660m rather than FMS but good luck to FMS.