2.5:1 may be a very good ratio for chrome:Fe but I can't see it for NOT sp: FWR sp. FWR has to much proven value to be discounted so far. McFauld's will be developed and all the top deposits will be mined. NOT now 0.84 FWR now 0.31
Shall see how SPQ financing goes. FWR may be retaining there 50% Jv share if financing does not happen in a timely fashion. Last time I checked the FWR website FWR still had 50% in Big Daddy.