re: News: Fairstar Resources secures $260M fu... With respect, I...

re: News: Fairstar Resources secures $260M fu... With respect, I tend to agree.

My thinking is that Alliance have accessed some bank funding through private equity networks.

However, in order to get this funding through projects normally need Feasability studies and or Bankable Feasability studies.

They also need unconditional port access and Offtake agreements from a top end buyer.

If it is private money then does not matter.

All this is a factor, however needing $65M as cash component is the big issue.

In a nutshell for every $1M that FAS put up, they will put $4M up.

Question is will buyers put up funds without BFS and unconditional port access.

Just my opinion.