birdmanz, i read that somewhere, maybe an early fwl ann on the haematite project that said the reason for JV was to allow fwl to focus its funding on the pig iron project but still get the chance of early cashflow from the haematite. when you look at $17M cap and think they 112Mt of magnetite ore that values the magnetite resource at 15 cents per tonne but i'm sure i have read something that said magnetite undeveloped is worth 40 cents per ton in the ground. that dosn't even consider the haematite which could be worth ??? they have more magnetite to drill yet too apparently. here's hoping we all do well soon!
LCG Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
