FWL are a great company and I have some off my profits locked away for 3 years.
However, if you're looking for a similar market cap company looking to produce pig iron...then look no further than ANU.
DYOR and have a look at the investor presntation today
They are in the Iron Sands business (South America) and have a pilot plant under construction due to be finished by October!!
For those that don't know, Iron Sands is a MUCH cheaper way of extracting particles. Kinda like sieving!!
Their resource is over 300MT of 50%+ Iron. The will also produce Vandium and Platinum all from the same process.
Also backed by Martin Place, this company should see full production within 2 years!!!
They have lots of cash and the SP is moving as we speak.
FWL are a great company and I have some off my profits locked...
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