I had a laugh with a mate the other day thinking about Pacmag in...

I had a laugh with a mate the other day thinking about Pacmag in these simple terms.

• I own a small holding (165,000 shares)


• That equates to roughly 0.11% of the company today


• At Ann Mason alone (at least 7.1 billion pounds of copper) that's the equivalent of saying I own 7 million 8 hundred thousand pounds of copper


• At US$3/lb, my share of the copper at Ann Mason is worth over US$23.4million

Obviously, this leaves out the very important fact that the copper is in the ground and expensive to get out.

I just found it amusing that I'm supposed to be happy with the 33c offer...