re take-out offer Dr. Don has been suggesting in some recent interview that we could conceiveably double the present amount known with the next 43-101. That being said, I think that a $3.00 offer would be an insult to all shareholders.
North of 3 M oz. could keep a mill running at 200,000 oz per year which seems reasonable for 15 years plus. We have a deposit that is high grade, open pit to start and open laterally in all directions and at depth. Plus, we have Tellerium as a bonus. Taking into consideration the location and the infra-structure, I believe that 3 times the mention possible offer would be more realistic as a starting point for negotiation.
JMHO