Might as well give up on the Hematite dream entirely and expend the monies on expanding the Magnetite and entering production sooner. They've drilled twice now and found nothing. I don't think I read anywhere in the FWL announcements where they expressed reasonable confidence or enough evidence of finding Hematite.
Its logical to believe they drilled where its most likely to find Hematite and if ain't there why drill in less likely places?
LCG Price at posting:
5.0¢ Sentiment: None Disclosure: Held
