Ann: Change in substantial holding , page-6

dso would be a no brainer. a cash cow that people would be falling over themselves to fund.

even without the dso, the downside is that there is big upside on the current price to iron ore asset ratio anyway.

think of it this way, every share in fwl own 4.5 tons of magnetite and it will cost you 6.7 cents to buy another 4.5 tons! and with every 6.7 cent share you get free say 2.3 cents of cash and 15.6 cents of project expenditure paid for AND you might get another 4.5 tons of magnetite from that project expenditure AND you might get say 0.1 tons of dso worth 20 cents in the ground and all for the bargain basement price of 6.7 cents.

DYOR