Fairstar has what every other junior iron ore explorer craves that is rail and port access. There is excess port capacity at Esperance.The 2011 time line for mine start up is achievable and very realistic. I think management have made the right move in targeting the low strip ratio easy to mine alluvial concentrates to DIRECT SHIP ORE QUALITY. This mining process will not require costly blasting and wear and tear on ground engagement tools and machinery. This process will allow & income stream to help facilitate the development of future stages and limit the need to dilute shareholder value in the future. It will require a low cost mining fleet to mine 1 million tonnes of DIRECT SHIP ORE QUALITY CONCENTRATE. Don't forget the 17% holding in GOLDEN WEST RESOURCES the longer we can maintain this holding the better it will be for FAIRSTAR. Sorry about the mistakes in the previous post had a mishap while copying and pasting please disgregard.
CHEERS, CATD11
"DO YOUR RESEARCH"
FAS Price at posting:
5.5¢ Sentiment: LT Buy Disclosure: Held
