Price of copper5 Nov 2014 13:49
http://www.infomine.com/investment/metal-prices/copper/ $3.08 per lbs so 621,700,000 lbs x 3 = $1,865,100,000 =£1,174,300,270.69. According to google exchange rate. That's £1.174 Billion!
So our MCAP is under £4m at the moment with less than 200m shares in issue.
Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 171.41m £3.47m 30,000
Even with funding and major dilution this is very undervalued. I wonder how much Rio Tinto or BHP Billiton would pay for an asset like this? Let's say 10 cents per lb in the ground just for arguments sake.
Then $62,170,000 or £39,143,342.36 so that's 1/30th of its market value, but still equates to over a ten fold increase in the current MCAP of KLG. DYOR.