If I may be so bold, 0.60 would be a credible offer for FWR. Prior to NOT's consolidation offer, they were at 30 cents. There has not been any release of information from FWR other than the one on CR/FE ratio that has any significance. Since the offer, and solely on the strength of the offer, FWR shares have followed the 1 in 4 ratio. Sure, a bit of speculation bettered the ratio in FWRs favor but now the ratio is in NOTs favor. The area remains in the infrastructurally challenged same state. The markets for chrome are getting marginally better but there is tons of idle capacity to produce what steel makers need. Prices will not improve dramatically with the threat of a new producer which will make financing risky and therefore maybe a bit iffy. The thing that has changrd is NOTs valuation and blue sky potential. Maybe we don't need FWR anymore, maybe Mac has maxxed out his ride on NOTs coattails and grab the sixty cents while he can.