Today is the release of the first edition of "The Iron Age" It...

Today is the release of the first edition of "The Iron Age" It would be on the web site if you have not been e'ed a copy. Management say"I hope you will find the newsletter an informative but easy read. I believe it will allow us to provide you with a deeper understanding of your Company than is possible just through ASX Announcements. We will also make The Iron Age available on our web site in case you miss an issue."
They also make some comments on the sub-prime troubles and the gereral state of the company. Well worth a read.

The following is also an interesting analysis on the future of the project.

"Project Financial Scope
If the Yalgoo Iron Project were operating today at its currently planned production of 500,000 tonnes per annum it would be generating gross sales of around A$320 million per annum with earnings before interest, tax and depreciation (EBITDA) of around A$80 million per annum. Given the potential to expand to 2 million tonnes per annum over a number of years and benefiting from the related economies of scale, Ferrowest has the potential to become a major Australian corporation. Importantly, the economics of the project have been based upon much more conservative sale prices than those of the current iron ‘super-cycle’ and the expected returns for shareholders are robust."
LOL to holders.