If they buy back 100 million in shares lets say at an average of...

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