i agree that it'll be big news when the agreement is...

i agree that it'll be big news when the agreement is announced.

Aside from overall market weakness, two main fundamental weaknesses of this stock have been:

(1) the unconvential business plan of using magnetite to create MPI. Since this is a relatively new approach alot of investors would shy away and feel safer putting their money in a DSO operation.

(2) Uncertainty about the ability to get funding for the project.

I think that an agreement would directly adress both of these issues because, especially if it is a well recognised company because it will show true recognition and confidence in Ferrowest's strategy - to the point where big company's are willing to put their money where their mouth is.

If a good agreement is made this quarter i really dont think i could find any more fundamental weaknesses in this company...if other investors feel the same way we should see a real jump in the SP hopefully up to levels where it should be.