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watching drilling partner cairn energy, page-21

  1. 314 Posts.
    Cairn has a market cap of approx $2 billion (in AUD). If a 40% interest can be "transformational" to a company of this size then I would like to see what it could do to a relative tiddler like FAR.

    FAR with a market cap of around 100 million is 1/20th the size of Cairn. If you say that FAR's 15% interest is roughly about half of Cairns 40% then as a very crude approximation there should be about 10 times the leverage on offer.

    Transformational raised to the power of ten?
 
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