ABOUT PACMAG
PacMag is an Australian-based exploration company focused on its advanced copper-molybdenum-gold assets at Ann Mason in the USA and Blue Rose, located in South Australia. Ann Mason boasts a mineral resource of 810 million tonnes @ 0.4% copper, 0.004% molybdenum (7.1 billion pounds of contained copper metal). A scoping study completed in early December 2006 indicates the project has the potential to provide a very significant financial return (NPV8 of US$2.29 billion based on metal prices of $2.50/lb copper and $9.50/lb molybdenum).
wow? if they have 135mil shares on issue that works out to be like $16+ per share... O_O why is it only 40 something cents?
wow
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