I feel it only inevitable that FAS with lock in a take off partner within a couple of weeks of the option take-up.It has been so long since the native title and mining lease approvals that this new cash injection will be the last needed---even thou it looks worse than a 3b---in the end at least ppl will have to part with ten cents to convert---rather than the 2.66 they have been getting----this will be the last piece of the SHIP jigsaw---imo.I have sent my money in for my option entitlement and am looking forward to converting them to full shares once the SHIP sets sail---good luck to all shareholders.They will have on issue roughly 1 billion shares if all options are taken up-------if they end up producing 40 million tonnes of iron ore at roughly $100/tonne profit,this will equate to $4 billion profit---or $4.00 per share---if they find more iron ore in un discovered areas,this will be a bonus---just my thoughts---if it looks wrong please someone steer me in the right direction.
FAS Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
