I think its now around 80M on the float and 2.1B o/s with 2.5B a/s. Even at these numbers, the pps can still move but only based, imo, on hitting pro-forma/production numbers as follows:
2009
5m lbs of ore daily (2500 tons of material; co estimates 5000)
1.25% recovery rate (could be higher-1.5%)
62,500 lbs of copper per day (will increase; expansion planned)
$3.75 per lb of copper
$234,375 rev per day
350 days a year production
$82,031,250 annual rev which is also est net profits. Company has stated that the revenue from credit metals (gold, silver, moly, tungstun) will pay for entire overhead and operations to include taxes.
2.1B shares o/s
EPS of .041
PE of 20 (very reasonable, could be around 25-30)
PPS = .82
WUCC needs to deliver results....
And here it sits @ .05 pps.....
jtf
