FAR 3.92% 49.0¢ far limited

The true value of FAR, page-61

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    Interesting

    Issued capital is interesting analogy so even allowing for the additional billion shares and 80 million it says the following each share has invested 0.0692$ or about 7 cents to find thus far 1 field with 97 million BOO( far share) so each share owns about 1.18 AUD of oil ( using 50 USD per barrel and 0.75 as exchange rate).

    Of course you need to consider the cost to extract it ( both invest / operate) in future dollars and thing bring it all back to todays dollars for fields life.

    So if FAR share goes up which I guess it will then our collective investment of 7 cents has found min 1.18 AUD of asset but more likely now something closer to 1.30AUD per share.
 
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