fwl has magnetite resources, a small dso project, a unique plan with the pig iron and not many shares on issue. compare that with some iron ore juniors with higher market caps, no real plan and no resources yet. the only other difference is fwl is low on cash. in a market where iron ore is becoming king again what is more likely in the short term, that fwl will get some cash from an interested off-take party or the other i/o juniors will find iron ore and come up with a plan. sooner or later this one is either going to pop or someone with muscle is going to realise the value for money and take them out. at these low prices i wish i had more money. even though i am up to my eyeballs in fwl (for my meager investment funds)i'd still take more if i could.
LCG Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
