FAS 0.00% 0.4¢ fairstar resources limited

Total assets = $17,409,908Total Liabilites = $6,825,422Net...

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    Total assets = $17,409,908
    Total Liabilites = $6,825,422
    Net ASSETS = $10,584,486

    PLUS value of SHIP now it has NTA and ML.
    PLUS $300,000,000 due on completion of finance agreement.

    Clearly there is huge potential that does not show up on the balance sheet.

    Conclusions:
    FAS is grossly undervalued IMO (as are many stocks ATM). Some people do not know how to correctly assess a balance sheet and are wise not to hold shares in something they do not understand.
 
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Currently unlisted public company.

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