Phil.
Try and engage your brain!
What have FWL got, that is worth anything?
MPI..An expensive, high risk pipe-dream?.
Magnetite.. stuff all, no port, bad location, dubious economics?.
Yalirimbi. ..How much ore? How much capex? Miles from nowhere? A partner? Profitable?
Chinese partner..Shallow pockets?
I know I am clueless, its all my opinion. Where am I wrong?
Ann: Rights Issue Closure and Shortfall , page-14
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