montagu stockbrokers report, page-11

I got a copy of the Montagu Stockbrokers report, since its free, i guess its alright to post it on here.

http://www.datafilehost.com/download-8cbada14.html

Let me know if it doesnt work.

Key points:

- The Yagloo Iron project befenits significantly from nearby infrastructure.
- The recent funding agreement was an outstanding achievement in the current global financial climate.
- The magnetite project has a likely potential of up to 350MT and is sufficient to supply the company's proposed 1MTpa for several decades.
- MPI is not dependant on China for sales contracts
- Ferrowest differentiates itself from other iron ore juniors by being the only junior to value add to its product prior to export.
- Although $700 million is the total capital costs, similar processes in operation around the world have successfully demonstrated revenue generation four to five times that of a conventional magnetite concentrate. In addition to a strong growing MPI market, Montagu's believe funding should be available.