I've pondered this Jim. I'd consider it for an edc fak, but I' take out the fire and compass and try to add a bandana, relying on my edc for fire and navigation - and a sharp.

It's pretty basic, but I like the heat sheet, and the minimal set up would be good when a larger fak and ems isn't far away. I'd carry a way more robust kit for a ghb, bob or wilderness kit. This would be good for an urban - suburban outting, when you normally don't need much.