In the last Annual Report (page 45) it indicated 500,800,731 shares, so x 0.025 = hot copper MC
Whereas market index uses 290,286,300 shares. You can see though that the number of shares is actually higher than that by looking at the top 20 holdings on market index. Perhaps the difference is related to the 203,512,750 from the acquisition of Delta Drone South Africa.
Ann: South32 renews Drone Data Services for another 5-years, page-9
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