WFE Don't Bother!, page-54

Was valued at $5.7 million as per the annual report. Was valued at approx $9 mill before they impaired it last year.

WFE have a 70% interest in the project.

This note was attached to the financials.

"Prior to 30 June 2017, the Company engaged an independent valuation to assist in determining whether further impairment of the Hamersley Iron Ore Project should be recognised. After receiving the opinion of the independent valuation, it was determined that while the impairment indicators continued to be present no further adjustment was required as at 30 June 2017."

To me that sounds like its due for another impairment in the accounts.

Will need to wait for the half year report/accounts to see what they do.