Jzed in my opinion the asset is not worth refinancing. It's low grade small and has no access to a port. But irrespective off all of this is that with 2 plaints for fortiet the opportunity to refinance would be very limited. In my opinion the best result would be the company be put into liquidation so that shareholders can get a capital loss
Oct 2011: Fairstar Resources locks in A$300m debt facility to advance Steeple Hill Iron Project, page-9
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