LCG 0.00% 6.0¢ living cities development group limited

fwl always seems to be the poor cousin in the Fe family. I do...

  1. 1,372 Posts.
    fwl always seems to be the poor cousin in the Fe family. I do think that it is still misunderstood. Brett the man put it well in a news letter recently. "Ferrowest is not an iron ore company, it is an iron company" Their ore is of lower grade than the DSO mobs BUT they are not intending to be just earth movers but producers of MPI. The ore is fine for their process. The MPI will be of good quality. So the company tells us. I am down on paper as well but keep holding as the upside is large if all goes well. The management do seem to be doing a good job and the project does seem to be progressing.
    Cheers
 
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