Garry,
I am an optimist, but regardless, let's look at an actual stock.
CVN. FAR has 5400 mil shares. CVN roughly only one fifth of that. However, FAR has a lot more appraised reserve than CVN, that's not counting SAMO. FAR has 40% of SAMO, 845 mil pre drill whereas CVN only has 20% of Dorado, still to be appraised. You can say CVN has PS and Buffalo for 2019, but who knows what FAR will do next year if SAMO is good. That's no including the PE.
CVN went to 69, 70c and then dropped back to 35c.
BUT, FAR would have a lot of majors looking at them than CVN. As I said I am optimistic. I do agree that when CVN started the drilling, the SP started to move up.
KKW
Ann: Development and Exploitation Plan submitted for SNE field, page-17
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46.5¢ |
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Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
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