Oil Price, page-9

Mower159,

Great analogy, I think your opinion of in ground (NPV) is almost spot on, with one correction - USD, rather than AUD The NPV of SNE is being estimated by FAR at $10USD (correct as of last week). This places it at exactly the Hardman resources base figure in my summary ($14AUD). I won't state my expectation of SNE's upside - it has all been said before I stand by my upside prediction of November of last year.

A lot of repetitive posts on the FAR thread and apparent clock watching - whilst you are waiting - don't miss the opportunities that exist in the small up and coming stocks, over the last 2 months (after a lot of research) I missed a trade on July 1 with PLS which basically tripled (Commsec issues), then bought VTX for a double on exit, and now into LWP which I expect will double (current trading halt) and feel that SUM will be the next star performer. To date, (if you include missing my big intended buy on PLS due to Commsec), that is 6x in less than 2 months - 12x if LWP does what I think, it surely beats the cheese grater analogy to the long termer's. Happy to screen dump trades to demonstrate entries and exits - although a number of people on this thread have already seen them and some have enjoyed the same ride (including buying PLS when it was recommended).

My theory is that if you can't beat the short-term traders, join them. Some amazing minds in the STT thread, and some amazing up and coming companies with awesome opportunity and upside.

The above isn't to blow my own trumpet, just a demonstration of my opinion that there is a lot of great minds consuming themselves in FAR, which could benefit from taking a look outside during the lead up to drilling.

It almost seems some of the posts here are like when your heart is broken and you keep chasing the same girl (FAR), she isn't interested for the moment and you can't see past her - writing daily opinion around remorse and how you should have broken up (at 15 cents), and what they could have done better and how she cheated on you (options and salary), overtime you start to look around and realise there is more fish in the sea, then start dating again (short term trades) and over time get that same rush, before going back to your ex and making up again. FAR will come back in favour and we will all love Cath again (I have never stopped), but in the meantime nothing wrong with a couple one night stands

There is a lot of undervalued out of favour micro caps in the ASX at the moment, sure it is high risk - but the reward is there - think FAR when it was 3 cents, barely noticed and low volume trading.

This all said, I am looking forward to FAR getting closer to drilling and still hold a truckload, but in the mean time I am enjoying the rush of the smaller caps and ignoring the monotony of the same thing being said hundreds of different ways.

Enjoy, AIMHO, GLTAH, DYOR.

P.s if you like this post - like it. If you like my work - follow me, if you don't - simple just ignore me.