FAR
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1.03% 49.0¢ far limited

market not convinced or.............., page-30

  1. PT20
    482 Posts.
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    22/08/09
    11:32
    Post #: 5542301
    Plugged:
    Far Marketcap= 85m
    MMR Market Cap 29m(not including upcoming dilution)

    37.5/(85/29)= 12.8c for comparison reasons.

    Off the top of my head:

    FAR assuming 1b barrels oil= 200MMBL
    MMR assuming 800mmboe= 512mmboe (approx 64%)

    Both relatively unexplored areas of the world. Both huge reward if success. Both huge downside risk if failure. Risk/Reward not so great at these levels however was if you managed to accumulate (one or both) at lower levels :)

    Disclosure: hold both
    FAR Price at posting: 12.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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