I cannot believe that no-one has posted on Hot Copper about this stock in almost 2 months .
IMO they have got a lot of the basics absolutely right - good acreage, encouraging drill results and a substantisl backer in Tony Sage's CFE .
Tony id very " big " on Iron Ore and knows the industry inside out , witness the great deals he is getting in Africa with Mayoko and Marampa plus the successful sale of the Cape Lambert deposit to the Chinese in 2008 . ( He is holding on to Cape Lambert South which could be worth $ 100 million )
He knows his stuff and would not have sunk money into FEL if it did not fit his vision of a mid-west producer . So I have bought more because I trust TS's money making instincts .
Comments would be welcome
FEL Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
