RE: Make or Break15 Dec 2024 15:32
I started buying in here over the summer. I intend to add considerably in the New Year as funds become available.
FAR has a vanadium project in Kazakhstan which has a DFS due in H1 also.
I am not comparing the two but would like to point out that FAR has a mcap of around £42 million and has gone up 400% in the last two weeks based on selling a by product.
In the last interview MR states that they are already talking to funding partners, which may take up to two years, but once the DFS is out and the figures are there to see I think we will rerate substantially.
The comment in olderandwisers email about the tariff wars will tighten graphite supply and that is what to watch out for as the bigger players start to sit up.
We are certainly worth near to £100 million after the DFS is out.
I think the last broker note back in April stated 23-49p a share on funding news.
I will be more than happy with 23p by the end of next year.
Has an updated broker note been published since?