I have0 interest in getting taken out. That doesn't mean we won't. I would rather grow the pie. Being part of mining Back now and Hack in the future.
Remember the royalty on Hack makes it impossible to develope now. It is now decisions have to be made. Nobody is going to give Glen 100 million and start paying us 25 mill a year for 3 years and deal with 22.5%. However someone might give Glen 100 and give us 75 mill to get a lower royalty from us. Glen might give us 75 mill for lower royalty. The Asians might give Glen 100 mill and us 75 mill and buy another 10% of SBB to get a lower royalty so we can borrow the balance to build Back. Asian investors might be a bit burnt over their 1st 10% and not be interested especially with how well China doing right now.
So many possibilities. I might be okay with us getting taken out of Back to end up with control and money to build Hack. We are getting 0 value for Hack. 3.00 a share for SBB on take out would just confirm no valuation for Hack