url v aum

AUM has firmed up just a fraction of the CU tonnage that URL has (120MT at 0.7% versus 5-10MT at a similar grade) yet AUM has a market cap equivalent to 60% of URL's market cap (26m versus 42m), also despite URL being 6 weeks away from delivering a final feasibility study on which odds are will be the largest new Copper development in Australia (i.e. 50,000 tonne p.a. 930,000 tonnes of CU in place). Relative market pricing doesn't make sense to me, but thats just my opinion.

PS: I am a shareholder of URL