RE: If I was a major....Hey Safeharbour...
You may be right, that there are some offers already on the table.
One scenario which I think is plausible, is that there is an offer already on the table which is pro-rated to the final determination of the size of the FDN/Los Penas deposit and with reference to the price of gold at that time in the future.
For example: perhaps a major has made an offer of 150.00/ounce x the final 43-101 compliant reserves at FDN x a premium x another premium on the spot price of gold at the time.
(If gold is trading at 880.00/ounce for example, the value of the 15 million ounces plus = an extra 3.5 billion dollars canadian of gross profit on mining ARU's gold, compared to this week's gold price of 680.00)
When one considers the gigantic leverage that ARU has to the price of gold (we are talking billions of dollars), the current share price of 30.00/share is extremely cheap.