dst, page-24

The 7-8 ratio was derived totally from Fairstars holding in GWR and didn't factor in any of FAS's other projects.

I think that we haven't heard the last of Sea Lake. After all, they did hit Gas. How much and whether it is in a decent quantity will be revealed in time I guess.

They had some very good Gold hits at Kurnalpi and hopefully will put together a resource figure for that soon.

Aslo upside for FAS's share of GWR cold be huge.

The reason for me buying GWR was that it was cheap...below 1.60 and a resource upgrade is imminent. I am also of the opinion that the resource is a big mother and given time to prove it up, will make us very rich.

Other reason for buying GWR is that they have an ever increasing resource base, hence the downside/risk is limited, especially at 1.60. Risk management was important as I have a large % of my portfolio tied up in GWR,

Another reason is to make sure that if PMM or anyone else want to take control, then they will have a fight on their hands. Not saying my holding alone will make the difference, but mine and friends and family will.

Bottom line is, not sure the upgrade will be big. I hope it is, but I suggest that it will be a small upgrade to keep people happy IMO. People still want control of GWR. FAS are one IMO, but there would be sure to be others.

IMO if FAS reaslised it was over for them and it looked like a predator was going to get a bigger slice, I reckon value would be added to GWR very quickly and that is the moment I am waiting for.

I suspect 2-4 months before we see this.

This is purely my thoughts so do your own research.