RE: mdMarket cap of roughly $12.5 million at .52?? What a complete joke - crickey they still have 2.4 million Pat also and WHEN the gold price recovers and production starts thats gonna be worth $4 million minimum. I think .50 reflects what Ursa would drop down to if PDL walked away! With the metals market the way that it is and if you believe in the long term outlook for nickel and base metals then you've got to believe that SOMEONE will develop Shakespeare. Even if it means diluting the crap out of the stock, and keeping 100% interest in Ursa's share. JMO, but under .65 is a steal never mind .52! OTOH, as tick says PDL is still putting manpower and money into the deal and there's no indication at all that they will walk. We'll find out in a couple of months....if the favorable odds hold up then Gus' continued assertions that this is one of the best values on Venture will be proven true.