Sad to see a company with such great potential going south.
However I can understand it in the context of this market.
Ferrowest ahs such a long way to go in terms of operating capital and infracture capital and seeing if the technology is even suitable to their needs.
They have a very low grade base ore that needs to be refined and relativley it is small compared to some of the other iron ore juniors . At least they have the option of mass production or smaller amounts of high grade pig iron if they desire. Ie GBG MMX MIS etc
In saying this FWl has huge potential and great mgmt that can deliver but in this market its just a lot of risk for the scared punter. The blue sky is being taken out of FWL every day.
I hope it recovers soon.
LCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
