I for one are happy with the announcement.This is an initial...

I for one are happy with the announcement.This is an initial maiden resource and reads to be the start of something potentially very significant.

It seems the market was expecting alot more than 17mt.To much pub talk perhaps.What people need to remember is if mining/producing only 1mtpa that still represents approx $110-$130 million turnover per annum less expenses which still equates to massive profits and that is each year for 17 years!

I'm sure FAS would be the envy of a lot of Junior Iron ore mining companys with these results.17MT straight up with plenty more to come,extremely low extraction/processing costs and with infrastructure already in place.

This is just the beginning and this is the first time in three years I have felt comfortable with my FAS holding.

Cheers Holders.