Incredible valuationYou have half a million ounce of M+I resources at each of Kiena and Eagle River, and almost half a billion in market cap. That's 500 US dollars per ounce, for what are essentially low-grade ounces. If you count the inferred at Kiena, 250 per ounce. Still an outrageous valuation for marginal ounces. The Eagle River 300E zone is a small jewel box, maybe 70moz, open at depth, should be a while till they get to it. But the Kiena drilling does not hang together as a mineable ore body. Moss Lake is just a low-grade project they've been sitting on for 5 years. I can't recall if that was the Barrick discard they used to hold, as I couldn't find the technical report. There is always a chance 300E expands, or they find something good at ER or K, but this is priced to perfection, and then some.