Back in early October we wrote a brief on FAR Resources (CSE: FAT) as an investment option in the Lithium and gold space. The company has been making the wallets FAT for its early investors who got in around the $0.10 range.
We caught up to the story around $0.30 and recently have seen the stock surge up to the $1 mark.
Some key new flow items since:
- They have twice expanded their communication program – News Release: 1, 2
- Delivered some High Grade Results – News Release: 1, 2
- Entered into a MOU with a Thompson Bros Lithium Project (Quantum Resources Limited) – News Release: 1
The market has reacted well as investors are opening up to their story.
Their drill results are turning up more that just Lithium, they are discovering a host of other resources: tantalum, niobium, rubidium, tin and tungsten.
They recently announced the continuation of their exploration program at its Zoro Lithium Property.
The shares have seen a dip in the last few days as some early investors have probably decided to take their profits, but there appears to still be some value to the company and now could be a good time to get in at a lower price point ahead of the next news cycle.
Overall the company seems to be in a great spot and as long as the team at Far Resources keeps up the momentum this rally is Far from over.
Fortune Favours the Bold