FAR far limited
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FID Targeted before the end of 2018, page-6

  1. szaba_the_hut
    15,021 Posts.
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    13/03/18
    20:07
    Post #: 31726945
    Interestingly from CNE new report they list the asset book value on their 40% WI in Senegal @ $434.5M USD

    That is not what they would sell it for   

    Standard and Poors track Price to Book ratio for all S&P 500 companies.  Current average price is 3.4 x book value

    Therefore average (fair) price for 40% WI at SNE today would be roughly $1.5B

    Based on CNE book value and S&P average P/B ratio FAR 15%WI of SNE alone would be worth $553M USD  = $700M AUD

    Current market cap AUD $458M.



    I wonder which way FAR SP will go ......


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    FAR Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
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36.0¢ 		Change
0.000(0.00%) 		Mkt cap ! $33.26M
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36.0¢ 36.0¢ 36.0¢ $940 2.61K

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No. Vol. Price($)
3 10718 36.0¢
 

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Price($) Vol. No.
38.0¢ 36544 3
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