I used the Raw Data spreadsheet, you kindly offered, to find a Project Value for all the companys listed.
I used the CuEq M/t & converted it to pounds, multiplied that by the difference between the spot prices for Copper and the Extraction cost per pound, then divided that into an approximate mine life ( had to guess here ), and divided that into the Number of Shares on Issue. Lastly I added in the Cash at Bank per Share, to give a final answer as a " Project Value per Share"
I used a Spot Price of Copper at $4.00, $4.25 & $4.50.
Please note that if a company has any other projects, they are not included, for example Exco Resources has their White Dam Gold Project that must be worth around 11-13cps.
Also any Exploration Premium is not included, just the Raw Data supplied by Adequate.
I thought it would be an interesting calculation.
I changed the Undervalued Shareprices to RED, to highlight them.
It would appear that the market has not fully priced in the latest rises in the Spot Price of Copper, for a lot of the Companys listed.
