RE: RE: What is it really worth? Agreed ...you should add working capital so I added cash $100 mln ..up to $3.40 per share. That makes is compelling here at $2.65 if it goes through. As for premium ..premium for what? Companies don't pay a premium for more than what it is worth. It would be because they have a higher oil and gas commodity outlook but not just a "premium" As for RBC ...how do they value probable reserves? Aren't these guys always high? Don't you want o base your share purchase on a conservative net asset value or are you trying to figure out the maximum of all values ansd base your decision on that? I prefer to stay conservative. If it gets taken out higher fine but my decision should not be based on the most aggresive approach to asset value.