FAS deserves a much better sp for ticking most of the boxes: off take agreement, 80% funding, close to infrastructure, shallow high grade iron ore. Correct me if I am wrong. One more box to tick and it will be re-rated. I used to have my money on the Yilgarn ore explorers (LCY and HAW) that will need rail buit and billion investment on processing plant/mining to realise the value. Even if rail to be built and fund secured, it is still at least 5 years (optimistic) away before seeing the first magnetite ore production. Right now their combined market cap is about FAS plus debt. I believe FAS can be in production within 2 years. BCC was another one I invested in, gave away 50% project to FMG for rail access. For juniors it is the quickest way to secure funding/produce ore and bring value to shareholder. Bought some today at 1.2, not sure where it go but last box to tick.
FAS Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
