The good thing about the Lake Long announcement today is that the well will now not cost FAR anything, indeed it will repay FAR its investment several times over. By my rough calulations the well cost FAR A$350,000-$400,000 and they will get back about A$60,000-$70,000 a month.
FAR remains cashed up with $3 million in the bank, so can comforatbly meet upcoming commitments. A strike at Bay Courant in which FAR has 20% would add a few more cents to the share price. It' s been a long time in coming.
lake long nice little money spinner
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Last
47.0¢ |
Change
0.015(3.30%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 47.0¢ | 45.5¢ | $82.32K | 180.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 125569 | 6 |
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| Last trade - 15.47pm 21/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |