Pezza---FAS is very likely to raise the $65million for several...

Pezza---FAS is very likely to raise the $65million for several reasons.
1/ They have the easiest and probably the cheapest body of iron ore at their fingertips
2/ Another party(alliance) is willing and able to tip in $260million --thats 80% of the estimated capex,for half the profit.
3/The unproven assett in the ground as indicated by the company could be multiples of the current JORC.
4/They are close to a rail link.
5/Once the 16 million tonnes are sold to the off take partners,it becomes guaranteed income.
If i was a lending company and these cards were layed out in front of me,i could easily see that the entire project is derisked and a money maker for all involved.IMO.
I hope that this is enough reasons for you Pezza---and i wish you all the best IF you become a shareholder.