merchant pig iron price is at $600 per tonne!!, page-13

dont worry about nose, nectar, he/she spends a lot of time ignoring well researched posts that dont fit his/her one eyed view. mpi market is not crap. capital cost is a lot lower than the concentrate operations that are being built right now. it is a case of deal or no deal but. however this game is about risk/reward. fwl has been quiet for so long that there is massive risk already factored into the price. too much imho and that makes them a good speculative buy but it is definitely all or nothing. i just can't get away from the fact that they are one of the few projects left with 550Mt and no partner. sooner or later, low grade or not, someone is going to pick this one up.