high iron ore prices = fwl projects bigbucks, page-7

Hey PiedPiper

FWL would definintely be at commissioning phase of the MPI plant, but a little thing called the GFC slammed the price of iron ore down to $50 per tonne, which postponed all mineral projects for every single mining company in the world.

Since then iron ore has averaged above $100 per tonne and reached $186 per tonne 3 months ago.

Its a numbers game mate, and the numbers are starting to stack up in their favour!

What impresses me is the same thing as what another poster mentioned, Im sorry I cant remember who it was, they said that the management is performing its normal duties drilling, increasing the DSO hematite resource and planning the MPI plant project while minimising their shareholder dilution by issuing just enough shares each time to compolete these tasks. They could easily go to market for $5m to $10m but dilute the EPS by 30-50% as other small caps have done, these guys have done the right thing by us shareholders!

Go FWL!