again, whats the share price risk?
What's the max realistic downside??
Answer = 12cents
Therefore,
downside risk = (0.13-0.12)/0.12
= 8.33% loss MAXIMUM
Cmon guys, think clearly??
Even if FNT were banned/prevented from mining the deposit by Aust govt [which i somewhat doubt; how much jurisdiction does the Aust govt have in PNG over PNG govt???...] surely the company would recover at least its mkt cap if it sold off the project to a non Australian affiliated company like Teck Cominco who's country has no cultural attatchment to the region.
The Kokoda link will just scare away the weak and ignorant and inexperienced investors among us...
fact: mkt cap 10mil npv 600mil, page-17
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Mkt cap ! $7.330M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
| 0.3¢ | 3663784 | 3 |
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