hi Tcisboss
yes...i meant 100%
of course one must price in the ownership interest
imagine of CEO owned 25% of the project and their market cap was $50m
we cannot say: "Wow...the CEO market cap is so cheap at $50m compared to AKM at $400m"
when talking market cap, the ownership interest must be taken into account
that is why i exited XAM and luckily placed the funds into CEO. XAM only has a 40% ownership interest in its coking coal
regards
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