Three million ounces is BIG!!EAS has only 80 mil shares and 4 million ounces SO FAR, my math still equates that to $5 a share at $100 ounce buyout and what Jr explorer has been bought out for that.
I think the forest issue is the problem, even the Coffin Brothers commented on it in their HRA newsletter. The carbon credit thing they did really stinks. Maybe this is why a few of the management left, they could see the long road ahead and did not agree with some of the policies or direction. All in all its a great play and will take time to cure the damage. I really thought the resources was at 7 million ounces with my rough calculations. Glad I was out at 6.75. My impatience, for a change turned out to be good luck. JMHO