I'm sure Joe Hamilton knew that the geophysics indicated Eagle 1 extended to great depth. He knew that when he painted the picture that chromite would not be mined without nickel, or some other sweetener, paying for the infrastructure. He was laying the table for what I now hope is the beginning of the feast.
Yes, that very same infrastructure would provide the very same benefit to FWR. FWR's chromite is also raised to economic status, once the infrastructure commitment is made.
And now some of the more marginal plays, the South Rim VMS deposits, could also be seen in a new light.
My only concern is that the market will still conclude that we haven't yet reached that tipping point. Today's trading might be very interesting.
Lar
