FAR 2.00% 49.0¢ far limited

CS research

  1. 610 Posts.
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    Hi all,

    Credit Suisse came out with a 2 pager today: the summary...

    "No change to TP or rating (14c, outperform). More positive drilling news, but nothing new to
    materially change our thesis that FAR remains exposed to the best undeveloped
    resource in our coverage universe. With a decision to enter FEED perhaps only
    a few months away, the further FAR progresses with the JV in reaching an
    investment decision, without a response in share price, the more likely it will
    become increasingly more attractive corporately. Despite a $0.14/sh TP, if we
    de-risked our SNE valuation fully, our NPV would be >$0.20/share."

    CS also make no mention about PE.

    Cheers,
 
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