what is it really worth, page-10

hard to say-all you can do is compare it with other companies that have copper.

heres a few with approx martket caps and copper reserves.


hav -80mt @1% cu
market cap-50m -800,000tonnes

irn-1.2bt @ 1% cu market cap -300m has 30% ownership for -3.7m tonnes of cu

[email protected]% cu
market cap80m
-1 m tonnes of cu

aum-25mt@2% cu eq
market cap-300m
500,000t of cu

dnl 20mt @ 1.2%
market cap 14m 240,000 t

on this basis, it looks expensive but the speed that aum has got this 25mt gives hope that it could grow fast from here.it will need to if it wants to stay at these prices.on the other hand the above copper stocks could all be very cheap.

a year ago undeveloped copper resources fetched prices of about 3 cents a pound.must be worth a lot more now.