RE:Arizona Sonoran v. Arizona MetalsArithmetic Blunder!!! Sorry. I thought something was off.
So AMC closed today at $2.20 per share. I was using $1.30. Silly blunder.
Let's run this again. At $2.20, Az. Metals has a market cap of $272 million and that implies a copper-in-the-ground value of 20.6 cents per pound.
ASCU is 12.1 cents per pound.