That's what I said before. They need to lower oppies exercise price OR extend expiry to 2020 to have realistic chance.
Nose.
Remember what I said about magnetite iron ore including your beloved CAP. At that time when I posted, CAP was at $0.40+. But you said CAP is better in many factors. ROY mc was $35m when it had only 500mt, now 2.1bt mc still $35m, investors don't value magnetite much. Let's add 2Bt to FWL, mc will be almost exactly the same. So why spend anymore money drilling?
Nobody in the world of 6B population will EVER invest in magnetite iron project in Australia. I posted that haematite is MUST (even FMG, AGO, FMS haematite grade got hammered). Problems are: massive capex, high opex, carbon tax (energy intensive), infrastructure issues as magnetite needs lots of tonnages to worth the capex.
Nose, you have spend a bit of time on FWL HC but did you make any money? I did, doubled my money in short period of time.
LCG Price at posting:
2.3¢ Sentiment: Sell Disclosure: Not Held
