Why Far is Undervalued., page-63

Mr H,

No doubt you are correct, but as the article states you have to evaluate the financials such as cash flow and return on assets etc. Seeing as we have neither, the only way I can determine, IMO, thanks for reminding me , is to determine what the general mass of the market (right or wrong) is willing to pay for each share. At the moment despite being over subscribed and having institutional investors involved, not one of them wants to pay more than (on average) 7 and one half cents per share.

So are we undervalued? Personally, I think not. But I do not know everything or much of anything for that matter. So using the model in the article, and this is only my opinion, I would say that FAR is in not a value investment. Because after 4 years, I think even WB would want to be in front. I know I wish I was, hence we are priced appropriately in my mind.

Then again, perhaps I am being impatient and four years is not long enough to realise a profit