Further to my last post. Once Mesabi (19% own by Kobe Steel) get into profit in 2014, I think FWL should speak to Kobe on investments in FWL.
For example, if Kobe truely believe IMTK3 will work (after Mesabi turn into profits in 2014 with those modifications) may be give Kobe Steel certain % of share in exchange for Kobe act as gurantor to loan to fund CAPEX. Because Kobe's assets in Japan, they can borrow money at 0% interest for may be 10-20yrs from Japanese banks. With 0% interest and technical support from Kobe Steel, this project has good chance to get off the ground.
That's my idea how I would run the company. I don't see any use keep talking to Chinese steel mills (2 of them already) and they have no expertise in IMTK3.
LCG Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held
