far sp estimate competition, page-20

From the 3B I understand that there are

576 m ords
Ignore unlisted opts.

6,638,033 convertable notes.
Now i understand at first glance that the cons convert at 10 to 1. Somebody correct me if I am wrong.

Therefore diluted we have approx

576 + 66 = 642 m shares.

Market Cap of Far 642 x .05 = 32.1m at present.

Now good announcement that gives 20m plus free drill say.

20% of 200mbls x $10 in grnd x 10% chance of success is

$40m which is about 6 cps.
Plus allowances for whatever else might be there.
Plug in whatever numbers you like. used these numbers just to give an idea of risked value per share of a risked 200mbl prospect.

100m MC after a good announcement is not unreasonable which would be

.15

Pre drill .30 or a 200m MC sounds reasonable even in this market. Who knows,
Good luck. Remember lots will be doing the BESBS thing.