Ann: Drilling Results , page-13

so much for extensive research nose. 5 minutes on google showed me that a pellet plant is nearly the same cost as an itmk3 plant but iron ore pellet don't sell for much more than lump ore where as pig iron sells for a lot more. also grange is doing pellets and gindalbie is doing pellets in china. fwl is chasing a different market with not much competition. good strategy imho.
i am always amazed how much effort you put in against this stock nose, considering you don't own any. either you are the best good samaritin in the world or you actually have something to gain from fwl having a low sp.