Rolla and Cosmo,
"Exactly. We are around 3 years from the project being on production and therefore three years from FARs estimate of the value of the project once on production.So you discount that figure back by 10% per year to end up at todays figure of approximately 32% less than US$540m."
Exactly (almost). That explains today's market cap, along with project risk. Looking forward, in 3 years time as the project de-risks we can see an uplift in value, including the discount effect. BTW 10% discount rate applied over 3 years on a monthly basis works out to be about a 26% discount.
On the interest piece, I would think that that was included in the $540m number since they specifically include financing costs.
The point still stands that we should expect to see a major uplift in the market cap over the next 3 years as the project de-risks (and with some discount effect if you like), which is what happens. Look at COE over the last 3 years as they brought their Sole project to fruition - the SP has go from 15c to close to 60c.
I hope the New Year helps your disposition towards FAR.
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Last
49.5¢ |
Change
-0.005(1.00%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 49.5¢ | $80.51K | 161.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 156326 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 247335 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 138626 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
3 | 210000 | 0.480 |
1 | 100000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 5376 | 1 |
0.510 | 201000 | 3 |
0.515 | 123300 | 3 |
0.520 | 335203 | 4 |
0.525 | 118000 | 2 |
Last trade - 15.58pm 27/08/2024 (20 minute delay) ? |
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