wow check out this iorn orie huge potential

It,s simple guys get on board if you want to make money pre PFS is a bargain post PFS you will regret every cent extra you have to pay to get on board it dosent get much better than this and YT is on board to cap it off big future with this on easy money

1. Re Management:

Quote:
Originally Posted by YOUNG_TRADER
Advantages
- Management = Ex MIS MD in charge of their Magnetite Project, Excel Coal

Management - http://www.ferrowest.com.au/directors.html


So you see your question was already answered re credentials of Management, Brett Manning got MIS's Magnetite project up and running!


2. Re grade


Quote:
Originally Posted by YOUNG_TRADER
Also note the 25% Fe is not an issue for Pig Iron (very different to YML type play which is looking to DSO the Heamatite Ore because that requires grades of 60% Fe+) also the Ore is apparantly ideal for benefication etc

Re financing, look at how many Chinese and Japanese steel firms are fudning projects AXO, MIS, MGX, TFE, AGO, CFE, ARH, GRR, IDO, then also realise the fact that Japans huge Kobe steel has already asked for sample ore from FWL, if the PFS stacks up it'll only be a matter of time

I think the JORC will cause a semi re-rating and the PFS should cause the full re-rating,

For a copmarable Magentite plays see
- IDO Mkt Cap $100m 70% of a large 600Mt@10%Fe Iron Sands project CAP Ex $750m NPV $500m Pig Iron project, Iron Sands so techinacally more challenging, also in PNG

So like I have said all along, if someone will back IDO's 600Mt@10%Fe Iron Sands project then FWL's 25% Fe doesn't seem that difficult now does it?

Also compare the mkt caps of IDO and FWL

3. Re Funding


Quote:
Originally Posted by YOUNG_TRADER
Ok to begin with here is a list of the 20 Largest Shareholders - 31 May 2007 see here http://www.ferrowest.com.au/shareholders.html
Note the names in bold

Rank Shareholder Name Holding %
1 Comet Resources Limited 8,700,000 16.11
2 Graeme & Margaret Johnston
(The G&M Johnston Superfund) 4,575,000 8.47
3 Philip James Evers 4,335,000 8.03
4 Grenache Pty Ltd 4,325,000 8.01
5 Alcardo Investments Limited (Styled 102501 Account) 2,589,816 4.80
6 Eugenia Manning 2,050,000 3.80
7 WHI Securities Pty Ltd
(Crown Credit Corporation) 1,923,500 3.56
8 Brett Lee Manning 1,887,200 3.49
9 Nikolais Zuks 1,300,000 2.41
10 National Nominees Limited 1,250,000 2.31
11 ANZ Nominees Limited (Cash Income A/C) 1,100,000 2.04
12 MP Securities Nominees 1,027,000 1.90
13 Irrawaddy Investments Pty Ltd
(Duffin Family A/C) 1,000,000 1.85
14 JM International Investments 997,590 1.85
15 BOSO 1 Pty Ltd 500,000 .93
16 Forty Traders Pty Ltd 500,000 .93
17 Paul & Karen Kopejtka (Kopejtka Share A/C) 475,000 .88
18 Tuxedo Investments Pty Ltd 450,000 .83
19 Panga Pty Ltd 400,000 .74
20 G C & D S Campbell 350,000 .65

Wonder who no 9. Nikolais Zuks is?

He was only one of the founding shareholders and backers of Murchison Metals see this http://72.14.253.104/search?q=cache:... nk&cd=1&gl=au


Wonder who no 17. Paul Kopejtka is?
He also was another founder of Murchison Metals and is also the current Executive Chairman see this http://www.mml.net.au/about/board_of_directors.phtml
and again
http://72.14.253.104/search?q=cache:... nk&cd=1&gl=au

If you have a look Murchison Metals started off as a 20c stock like Ferrowest 2 years ago, today its $5!


Also


Quote:
Originally Posted by YOUNG_TRADER
Re financing, look at how many Chinese and Japanese steel firms are fudning projects AXO, MIS, MGX, TFE, AGO, CFE, ARH, GRR, IDO, then also realise the fact that Japans huge Kobe steel has already asked for sample ore from FWL, if the PFS stacks up it'll only be a matter of time

For a copmarable Magentite plays see
- IDO Mkt Cap $100m 70% of a large 600Mt@10%Fe Iron Sands project CAP Ex $750m NPV $500m Pig Iron project, Iron Sands so techinacally more challenging, also in PNG

If IDO can get backing then FWL with its proven managment, better grade, better infrastrucutre and better backed Murchison connections should get financing