FEG 0.00% 16.0¢ far east gold ltd

The critical different elements between the coming CR (may not...

  1. 207 Posts.
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    The critical different elements between the coming CR (may not be for a month or so) and the previous ones are as follows:
    1. Justine Werner is now Chairman. This alone is very important.
    2. The new asset is slightly more 'ready to go' from a resource estimate perspective than Woyla or Trenngalek
    3. The informal grade information is in a different class than the above
    There is a mountain of work to do, but I feel confident that any capital raise will include a significant partner with regional experience.
    Without being too scientific, this company, post-raise (say A$20 million), deserves a market cap of at least $100 million, so IMO, a reasonable price target cum raise is about 30 cents.
 
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