fairstar about to explode, page-40

Agent86


a company miraculously transforms from explorer to producer.


You mean like this??


Taken from the announcement in September last year.


1. October 2010- Environmental Approval
2. December 2010- Mining Lease Granted
3. Q1/2011- Commission mine plant and equipment
4. Q2/2011- Commence mining- commission railhead
5. Q3/2011- Commence railing and cargo consolidation
6. Q4/2011- Commence shipment to Chinese market

Have any of these happened yet?

They missed a few steps, a PFS maybe or a DFS.. These are important steps but do not seem to be in the timetable.

The half yearly touched on the Mining lease but it is now April and none of the above has happened!!!

That is why the price is going down.

There is also that small problem about how they will pay for any of the work that has to happen before any other company will look at putting any money into this.



Cheers ..