All good.........however.......to realise the NPV and get to first oil , FAR will need to chip in their 15% of development cost - approx $750M to $900M.
This means a further large (66%?) dilution of existing shares to get to first oil if done by CR otherwise taking on a loan larger than current market cap - interestingly 0.33* 25c = 8c.
0.33* 52.6c = 17.35c
Increase in 2C or increase in oil price is required to get to 15c+ IMO - if we get good results in both then 25c is possible.
All good.........however.......to realise the NPV and get to...
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Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $10.11K | 20.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99195 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 2000 | 1 |
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| Last trade - 11.19am 09/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |