copper glow

AUM boasts an inferred resource of 59 million tonnes grading 2 per cent copper equivalent, but has been spoken of as a 100 million tonne deposit.

Let's say AUM is sitting on 2 million tonnes of copper.

Before last Wednesday's trading halt AUM had a market cap of $700 million, so there's little relativity.

Other comparisons support the inconsistency.

Near neighbour Universal Resources (URL, market cap $50 million) has a copper-equivalent resource of 959,000 tonnes and is due to start mining in 2009.

http://www.theaustralian.news.com.au/story/0,20867,19760633-23634,00.html

Here we go guys!!!