FAS
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0.00% 0.4¢ fairstar resources limited

major revaluation about to take place, page-10

  1. davo1
    2,787 Posts.
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    06/08/13
    17:53
    Post #: 12162331
    "When FAS is producing 2M MT per year, under JV it will make $20/T so $40M. so 5x earnings is $200M market cap. or 10 cents."

    If the above pans out Rumbai(conservative IMO) options will not be converted so the SP should be 15c not 10c.

    $200m divided by 1.4B shares equals 14.3c. Where did you get 2B shares from?

    Cheers.
    FAS Price at posting: 1.6¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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