What a load of balony!
Key differences between FAR and QBL aka the facts:
1. FAR has an insane MC at ~$300M at 10 cents whilst QBL will have a MC of~ $50M at 10 cents
2. FAR will produce revenue according to independent reports in 2022 - QBL could fast track and produce revenue from as early as next year
3. QBL resource has a close active port to Asia accessible using existing roads - FAR is 100KM off shore, in 1KM deep water and 4KM down in a wild cat area
4. QBL can fund production via a loan and not a CR avoiding any further dilution - FAR will not be able to do that over 8 years without some significant dilution - check out the latest for $40M
5. FAR current burn rate is ~$40M per quarter when drilling and will take $100s millions if not billions to prove up over 8 years till 2022 - the next announcement by QBL could state it is ready to go for less than $10M
6. QBL pilot project of 800K tonnes p/a will result in a SP ~35 cents on a PER 10 and could happen next year - FAR will not get a PER until at least 2022 according to published reports
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