davo1----after speaking to FAS office again----it was explained to me that the $65million must be a loan---not a part of or discount of a shipment.The $260million plus the $65million will be spent 80/20 on any part of the project--for example if an item was going to cost %10 million---then $8million would come out of Alliance's account and $2million out of the FAS account----this way the original agreemant of Alliance tipping in $260million to earn 50% of the profit and FAS $65million would work out fairly---wether there was a cost over run or they get up and running for less than the estimated $325million.When the options get "in the money" and are converted---this will earn approx $20million--this will be Fairstar's money,which they can either spend on upgrades or further drilling at ship north etc or could be used to reduce the loan.Hoping something happens soon and by all means---DYOR.
FAS Price at posting:
1.2¢ Sentiment: LT Buy Disclosure: Held
