Jzed, you say KR has said FAS is worth $10 billion, so I made two points.
1. Quick comparison to see if KR is on the money. FMG is close to $10 billion, only $1 billion less. Is FAS likely to be near that?
2. Quote value in the ground is not permissible. There are quite legitimate reasons for that. First and probably most importantly is that it ignores costs of production and finance. If costs are higher than revenues then no good will follow. Secondly, value in ground alone ignores if mining, processing, transport, market, permitting, etc are achievable or in fact impossible.
As for my research, I expect that I know more about FAS than any Johnny-come-lately, like you. You post whatever you deem fit without researching previous history, and then give me advise on how I should post, anyway whether you take this in a good or negative way, and in the interest of open communications, I think you add to this thread.
- Forums
- ASX - By Stock
- FAS
- Not for Lease
Not for Lease, page-25
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online