No Cujo it does not bring FAR to near enough fair value. $411 mill US is ~ $515 mill AU or about 10 cents. 30% up from here for the 2P reserves only.
The remaining 2C has value, so do the leases around SNE and for that matter the prospects inside SNE......which I think we will test a couple of next year.
The question is do you think FAR shares will be worth more in 12 months time?
I do....but I have been thinking that for 3 years!
But as I posted, I see FAR as the best value it has been since I bought in.
I don't think $55 oil is a problem for SNE. CNE have clearly stated a 10% IRR @ $35..... a very robust project at $50 bbl. DB
Has anybody made any money on this?, page-57
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Last
50.5¢ |
Change
-0.005(0.98%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.5¢ | $17.83K | 35.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 34046 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 59999 | 2 |
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| Last trade - 15.57pm 11/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |