The only reason we got down to 5cents, is because of spring tree. If you compare FWL with any other JORC holding ironore play, FWL is the cheapest on the market hands down by a mile.
Given now we have placements going through at 20+cents, and the springtree cheap share placement tap has been turned of. Who in their right mind would sell down here, when we have a major player like Taifeng, progressing forward by looking for staff for the Yogi project, and their coughing up $20mill in project development.
A $50mill market cap is tottally achievable short term if we shore up some DSO.
At $6mill market cap this is just laughable, and I am bearish on equities this year heh
Have bottom drawed a huge chunk of these. Looking for a 5 bagger at least.
LCG Price at posting:
5.4¢ Sentiment: LT Buy Disclosure: Held