Does it annoy anyone else that a company like FAR can be valued so highly and we can barely scrape together $1 / barrel of Aje alone, ignoring Hammermet West and cash.
I mean FAR have come out and stated a P50 case of 950m barrels STOIIP (and this is what most either don't realise or ignore, I posted a couple of posts over there on this but they don't seem to get it - or don't want to). Using a recoverable % of 30% and FAR;s 15% interest that's a recoverable resource of 43m barrels net to FAR, so they are valued at circa $7.50 / barrel and we can't scrape together more than a measly $1 when we have an appraised and heading into development asset compared to 1 exploration well.
I know no-one likes Jacka but geez its annoying having that ramped to high heaven and we can't scrape together anything of value.
JKA Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
