FAR 0.99% 50.0¢ far limited

FAR SP $1 Potential? Billion Dollar Mark-Cap?

  1. 516 Posts.
    Ok, So we have nothing to do but sit and wait for the TH and FAN-1 Result.

    I have heard/read a few people speculate that FAR has the potential for $1 SP. Sounds great, but lets throw some maths at.

    Current Market Cap

    2,699,846,742 Shares on issue, Current SP $0.084 = 226.7 M Market Cap

    On a successful FAN-1 & SNE-1, researchers (Hartleys & FAR media) forecast a $35c SP

    so...

    Possible (Near Future) Market Cap

    2,699,846,742 Shares on issue, Forecasted SP $0.035 = 944.9 M Market Cap  (So close enough to a billion market cap)

    Yep.. Ok, 1B Mark-Cap seems doable.


    Possible (Distant Future) Market Cap ($1.00 SP)

    So what about the $1 SP ... Well we are going to need another 2 Billion More Mark Cap. So we need more oil!
    L6 (Offshore/Onshore) & L9 Kenya do look to have potential 500 mmbls.

    Would that make the difference to FAR?

    I hope my maths is ok! Im sure my fellow FARites will correct me. Let me know your thoughts.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
50.0¢
Change
-0.005(0.99%)
Mkt cap ! $46.20M
Open High Low Value Volume
51.5¢ 51.5¢ 49.5¢ $12.21K 24.48K

Buyers (Bids)

No. Vol. Price($)
2 17061 48.5¢
 

Sellers (Offers)

Price($) Vol. No.
50.5¢ 10000 1
View Market Depth
Last trade - 15.55pm 02/07/2024 (20 minute delay) ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.