Valuation Problem, page-74

Thats a fair point though I had considered it. But it is true these things arent black and white.

My reasoning was that the stock was 2c when people started talking about the senegal block in rumourtrage - and FAR already had those other blocks you refer to.

So my thinking was that about 9c of current SP is around senegal. Hence me opting to say Senegal is approx 90% of current value.

But feel free to use your own assumption., I'm just helping those who don;t know how to do company valuations to consider things other than just the stock;s price.

You can also argue the company's cash position should be included if you like. But often on explorers cash is valued only at 10c in the dollar because the actual capex to build the project will swallow all the cash and more.

Whats really important is to have a sense of what FAR's value says about the value of the full project.

Thats something that less experienced investors often miss.