That is what I think too, Joker1 ! And that is why I bought some 30k shares extra today. After all this time, the time is ripe for such a deal and Brett&co know this.
If FWL can lock in a JV partner who will be profiting from the enormous-growth-to-come of FWL and can participate in this, willing to put in money for scrip(19,9%), a sound offtake contract and/or loan for DFS or so, then the future is just a matter of time ( ordering and constructing ie. becoming a producer)
With a 1 mtpa production and a MPI price of lets say 450/500 A$ per tonne, FWL will probably be valued a couple of hundred million A$ at least by 2014 ? But if the hurdle of the needed CAPEX can be taken by securing this strategic partner with deep pockets, it will happen in my opinion.
klmarc
DYOR
LCG Price at posting:
15.8¢ Sentiment: ST Buy Disclosure: Held
