AML 14.3% 0.6¢ aeon metals limited.

So this is very good news. 35.8mt @ 1.94% CuEq. in Marley/Vardy...

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    So this is very good news. 35.8mt @ 1.94% CuEq. in Marley/Vardy + 5.1mt @ 2.63% CuEq. in Amy. Using spot price of copper today, US$6200 per tonne, we get:
    35.8 x 1000000 x 0.0194 x 6200 = US$4.31billion + 5.1 x 1000000 x 0.0263 x 6200 = US$0.83 billion
    Converted in A$: 5.14 divided by 0.6865 = A$7.48 billion
    If you allow say 30% dilution, and average say 80% recovery, you still get >A$4.2 billion
    All this metal at today's spot price, not the ridiculous numbers used in the report, owned by a company that has a current market capitalisation of $77.5 million. Just as an aside, the market capitalisation on January 1 this year was $164.5 million - more that twice today's.

    And very generous of OCP to allow someone else to first crack at maybe stumping up ~$4 million in "indicative, non-binding and confidential non-dilutionary" funding. Can't see too many takers for that when OCP own 41.6% of the stock and have a hook into the company for a further $12 million in existing debt funding.
 
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