FAR 0.00% 50.0¢ far limited

What is the best way to play the Mbawa drill in the next few...

  1. 739 Posts.

    What is the best way to play the Mbawa drill in the next few months.
    A holding with PCL or FAR based on current MC’s of both stocks.

    PCL-220m
    FAR-90m

    If Mbawa holds the accumulation of oil that interested parties are hopeful on, PCL are obviously going to be worth more than 220m, perhaps 400-500m (35c SP)

    In the event of a discovery, what is FAR’s likely potential
    150ish m coupled with some positive l6 seismic activity
    We know some of the mbawa may flow onto FAR’s licence area in which they hold 30% interest, opposed to PCL’s 15% of the Mbawa prospect

    So in effect, if mbawa hits some oil, FAR’s 30% of the overflow into their prospect may actually be the same amount of oil as PCL’s 15% of the actual target

    Perhaps FAR has a lot of catching up to do if Mbawa is successful….10c+ perhaps
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
50.0¢
Change
0.000(0.00%)
Mkt cap ! $46.20M
Open High Low Value Volume
49.5¢ 50.0¢ 49.5¢ $41.17K 82.43K

Buyers (Bids)

No. Vol. Price($)
1 25838 50.0¢
 

Sellers (Offers)

Price($) Vol. No.
50.5¢ 96202 4
View Market Depth
Last trade - 15.46pm 23/08/2024 (20 minute delay) ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.