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Bullboard - Stock Discussion Forum Arizona Sonoran Copper Company Inc T.ASCU

Alternate Symbol(s):  ASCUF

Arizona Sonoran Copper Company Inc. is a Canada-based company, which is focused on the assessment, consolidation, exploration, development and eventual mining in the Santa Cruz Copper Mining District in southern Arizona. The Company holds 100% ownership comprised of private land and a state land lease which is referred to as Cactus East and Cactus West (the Cactus Project) and the Parks/Salyer... see more

TSX:ASCU - Post Discussion

Arizona Sonoran Copper Company Inc > Is this correct????
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Post by templetooth2 on Oct 16, 2023 2:47pm

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?
Comment by Copper1967 on Oct 23, 2023 5:28am
I like Arizona Metals more. The copper grades are much higher.
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