Replies to post #222 on Foremost Lithium Res and Tech Ltd (FMST)

[jj494]

Market Capitalization

As of October 31, 2017, Far Resources had approximately 91 million shares outstanding. With shares recently trading at approximately US$0.70, this places the total market capitalization at approximately US$64 million.

There are approximately 3.7 million warrants outstanding and an additional 5.1 million options. This provides a fully diluted share count of approximately 100 million shares. Therefore, on a fully diluted basis, the total market value of the Company is approximately US$70 million. We view as being very reasonable considering the lithium and other opportunities in front of this Company.

There have also been some recent financial transactions, as recently reported by the Company, including the issuance of approximately three million options with strike prices between $.54 and $.99, and the issuance of a rather minimal a number of common shares.