Ann: Drilling Results and Option to JV Signed , page-23

nuts prices! $9M market cap values fwl's 112.5MT magnetite resource at 8 cents per tonne. magnetite resources sell as is for at least 3 times that much. then there is all the millions they have spent on the yalgoo project. i wish i had more money, i'd make my unbalanced portfolio even more unbalanced. wait until chinese realise there is no iron ore projects left to buy. fwl will be hunted down for its magnetite alone. this is nuts. note to self, find more money...