KCG, for every 11c UMC rise, THX should theoretically rise 2c. However so far this has not occured. Major catch up on the cards imo.
Market has assigned no/negative value to Copernicus and other exploration assets. I would hope THX would be well and truly above $1 by the time UMC gets to $4. 81c is merely UMC value and does not even take into account the cash...
umc market cap disparity broadens, page-5
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