value of amu , page-3

If they buy back 100 million in shares lets say at an average of 30 cents thats 30 million in cash they will eat away either from current and future production/reserves drop, or debt is maintained which was half their problem, at the end of the day a buy back may be value accreditive a 2-5 cents but not buy 25-30 cents

I think valuing AMU is relatively easy.
Multiply current P1 reserves by about $US16 , add another 15 -20 million, for permits , add net cash and divide by 304 million shares