If this merger proceeds, Fortuna will find it impossible to maintain the fiction they're deserving of a silver premium. In pretty short order, their gold production will make the silver an afterthought.

Some little while back I calculated that this thing was worth no more than about $4 US in comparison to other mid-tier golds.

I wouldn't go so far as to say this company would continue to enjoy the silver premium if the Roxgold deal were rejected. But if the shareholders vote yes and the deal is approved, look out below. The Japanese have a word for this procedure: seppuku or hari-kari.

Count me out. I just had the pleasure of voting against.