At $2.05 US....
we are trading at an ex cash market cap of $448 million. Much less than the over $500 million (including the extra $75 million and $135 million for the rofo) NSU paid for RMC. So Bisha is now worth less than $0 and RMC (with 30% higher copper today than when we bought them) is worth now much less. This is a classic dislocation of value and if I was not tapped out I would be all over this. Bisha will surprise to the upside here going forward and Timok has the grade that all producers dream of. No taxes for 6 months is huge as it adds up to many millions of dollars to our cash flow. We could slip a bit more but in the end this will prove to be a great buy down here.