Interestingly from CNE new report they list the asset book value on their 40% WI in Senegal @ $434.5M USD
That is not what they would sell it for
Standard and Poors track Price to Book ratio for all S&P 500 companies. Current average price is 3.4 x book value
Therefore average (fair) price for 40% WI at SNE today would be roughly $1.5B
Based on CNE book value and S&P average P/B ratio FAR 15%WI of SNE alone would be worth $553M USD = $700M AUD
Current market cap AUD $458M.
I wonder which way FAR SP will go ......
FID Targeted before the end of 2018, page-6
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 47.0¢ | $9.995K | 21.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 82233 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 50000 | 1 |
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| Last trade - 15.00pm 27/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |