Ann: General Update , page-8

Nose,

I just agree with you. FWL does not have any quality project to move forward. This shows very clearly as each time holders won't contribute new capital.

I just don't understand some people. FWL sp is down but so are many other microcaps eg ROY now 2.9c (mc $9m for 3 Bt ore with railway in place). I don't see why people hold on to their beloved stock and not looking for other companies.

PDY just got invisible railway may become visible (at least on paper). I'm not sure if it is true. Looks like TFA International backed wrong company. TFA was tossing up between PDY and FWL many years ago.

I still have my doubts about PDY... Korean Australian can take out $6.5B loan to build railway and port??? They stated they don't want people to know how to take out loan. May be I can take out $150B loan too to buy entire BHP.

Is TFA International putting more money to bring FWL into production? If so is project profitable? I have my doubts.

Just IMHO.