RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:four asked to re bidMy impression is that the quarterly reports, related MD&A and PEA, and technical documents hold all the informaiton necessary to estimate the true or intrinsic value of RCG.
I think the balance sheet is a good first approximation of that intrinsic value.
The PEA and technical reports give an idea of its potential.
They should hold the information necessary if the roles were reversed.
My ignorance and my mistakes are my own.
I don't think we are left in the dark.
I think Mr. Sprott may have a better insights.
The bidders will be using the same information to make their bids.
If they thought information was dishonest it is very unlikely they would be making a bid.
In the case of a merger, both parties are picking a dancing partner.
If trust is not there the deals will fall apart.
More drilling could better define the gold available.
But the cost would be reflected as increased value of the development property.
The value of the development property on the balance sheet reflects that partial effort.
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Mistakes happen.
August 24, 2018 news item reported a "Recovery of over 5,846 ounces of gold from 43,593 tonnes with an average grade of 4.17 Au g/t"
June 2018 annual report released afterwards reported. "As of June 30, 2018, the bulk sampling operations of the company have yielded 5,944 ounces gold at Dufferin, with an overall recovery of 5.1 grams of gold per tonne of material processed."