fdn WILLbe bought out:the only question is for how much! the determination is NOT based directly on buy-out $per ounce but rather ROI!!!when based on ROI the royalty % is not relevant to the mine economics.WHY because royalty # becomes inverse to buy-out $per ounce. acquirer needs 10%ROI-the higher the royalty,the buy-out per ounce is correspondingly reduced and likewise the lower the royalty the higher valuation allowed for the buy out-still yeilding 10%ROI target: the first draft in dec, debate and final draft jan08 the ROYALTY REVEALED allows acquirer to plug in financials and take to the board for approval: the true value of aru cannot be determined with 30 deposit systems still to be tested could be 0-100-1000++. anton we'll just have to stay invested-joe