next leg up, page-20

Nose, don't forget that recycled steel needs beneficion of nuggets or MPI's to get the same quality of steel versus 'new' made steel !
That's one of the reasons that the MPI market is a very stable one looking at prices AND demand.

The product which FWL is aiming to make (Merchant Pig Iron)is a high quality, easy to ship (low tonnage,high Fe content), high margin product.

My gut feeling, for what it's worth after 15 years at the stockmarket, is that the time is ripe now to get a deal of the ground!

klmarc