Amidst the doom and gloom that surrounds the IO industry this is...

Amidst the doom and gloom that surrounds the IO industry this is a feel good story and it is in the West.

"to deliver two million tonnes of iron ore annually for five years from Western Australia's Pilbara".

Just to refresh FAS has a potential 50 year mine. The fundamentals haven't changed, the price of IO is

more than what it was when FAS was touted as a blue chip potential, albeit by themselves.

Among 2500 of hopeful holders the resource is still in the ground,

I haven't seen this posted before, at it height of 1.97$ it may of had 500,000,000 shares that's a MC of

1bn$.