Is this correct????Just using the 5.17 Billion lbs Cu M&I and 118 million fully-diluted shares, I get a mkt. cap. of $180 million Cdn. or 3.48 cents per lb Cu in the ground for ASCU.
Numbers for Arizona Metals aren't out yet but Michael Gentile says 20 million tonnes at 3% Cu which I calculate as 1.32 Billion lbs. Using 1233.6 million fully-diluted shares at Cdn$2.73, that's a mkt cap of Cdn$347.4 million or 25.5 cents per pound in the ground.
Is this arithmetic correct? Am I missing something, other than the gold property that comes with AMC?