the next fmg fortescue

Guys,


Looking to fing the next FMG here. Ive had a run with fmg from a long way back and its time to turn some of these great profits into the next fmg

Heres what i found:

FWL - Ferrowest Resources

They are in WA. They have a multi billion dollar iron ore deposit and they plan to convert the iron into pig iron to sel directly to steel companies. By doing this there margins are huge.

They expect to make over $1BN in PROFIT on the Project.

Could even be a FMG takeover play

Either way, mkt cap is 10mn - mainly as so young [6 mnths old and because top 20 SH own 80% of stock]


They are also BUY RECOMMENDATION from MARTIN PLACE SECURITIES

Martin Place Securities were the ones behind CDU - Cudeco - at 20cents; SMM - Summitt - 50c; TRO; CMR

MPS are savy
When they pick a winner -->> they pick a winner

Very, very positive that there on board this one so strongly.

Also, seems like they have toped up through a option issue. That just means that they own more then though earlier and that even less shares are freely tradeable.

Seems to me that only 10% of this company is freely tradeable...

Got another CDU here... tomorrow to be INTERESTING


Hers the MPS buy recomendation document LINK:

Its a big link to copy and paste; Check company website too for info

The more research i do the more bullish i get


LINK:

http://72.14.253.104/search?q=cache:WoYDrcue6T0J:www.martinplacesecurities.com.au/publications/pdf/quarterly_market_summary_jan2007.pdf+%22martin+place%22+and+%22ferrowest%22&hl=en&ct=clnk&cd=5&gl=au


Would be great to here from fmg holders and other readers