RE:Robert Friedland comments on TRQ rights offeringAssuming $US 3.40 SP after the offering that's still a nice discount to the ~ $4.10 Book Value. Even those that sell their Rights will have reduced their cost basis by ~ $US 1. The reason for the discount to fundamental value is the uncertainty caused by the GoM. Even if expansion has to be funded from cash flow we have a profitable mining co. with little debt. The Rights have an intrinsic value today of ~ $US 2. BUY. IMO