I thought that the fully diluted shares was 467 million....

I thought that the fully diluted shares was 467 million. Currently at 280 million shares.   Current Market Cap is $42 million and fully diluted is  $70 million.  On current gross profit earnings say $20 million pa. on a P/E 10  gives a share price of  42 cents.  One would have to say Aeris is significantly undervalued.  I'd doubt whether AIS will ever be $2 unless we have huge success at Torrens, or Cu goes to US$4.50/lb and Aeris is making $100 million profit annually. AIS needs a copper price margin of US$1.30/lb to make AUD$100 million annually.