RE: Why $5 isn`t unreasonable I like your rationale taylor.
Just for the record, I am being conservative with my 1.5 million ounces, and I think if there is an offer it will come in around $200/ounce. The usual song and dance will happen, GWY will appoint an independent party to look at the offer, the independent party will say it's unfair, GWY will reject it, and then Eike will sweeten the pot. That offer will then be excepted.
If there is an offer, my estimate for the first offer for California alone will be in the ballpark of $300mm.