creditors can be converted to equity ,take out CSR ziyang rail...

creditors can be converted to equity ,take out CSR ziyang rail vendor finance i think they would be chasing less then $ 400mill plus to there timing luck construction, labor costs etc have come down considerable from mining top boom times to some degree project economics in the cycle would be at there best as far as costs ,aussie $ iron ore at $90 ish and one would argue near a cycle bottom ,FAS previous stuff ups in finance may have worked to there advantage? agree next few months will be make of break for FAS..to there credit they have a lot of project hurdles ticked off native title ,pastoral, environmental etc time will tell dyor