RE:RMC in Driver's SeatI don't disagree with anything you've said, but that does bring to question of why management would agree to the buyout at $9/ share. We're funded through the completion of the BFS, which admitedly could be several years away, so getting bought out is more a question of when and not if. The longer management waits, the more drill results come out and therefore the more accretive it is to our share price. Of course, that assumption is based on continued decent to excellent drill results like we've had for the last 1.5 years. I suppose the risk is that assays come back with limited mineralization in our other properties and that the porphyry isn't as big/economical as we had assumed. Then we'd be looking at something that Freeport might not consider big enough.
While I think $9/share is an excellent and possible number, especially considering that's 15x the spin off price, I can't see management and shareholders going along with that. It feels like the longer we wait, the better the share price will be. (I'm not even going to consider what would happen if the junior markets turn around). While Timok and the surrounding area is clearly a company maker, RMC might be more than that. If we get any type of hits on the other 100% owned properties, we could be in for another huge run up. Granted, I have no idea if that's going to happen, but I'm willing to wait it out since we have a minimum guarantee about the value of our current properties.