RE:RE:RE:RE:RE:is thereSeriously? I'm an investor in SAM. If I thought there were only 2 years of reserves left, I'd be gone. That's roughly what's on the latest resource estimate. A resource estimate breaks things down into proven and probable reserves. Surely you already know this, or you wouldn't be invested in mining shares.
In any potential buyout, the resource estimate has to be used to help formulate an offer. So even if we think the mine will run for another 20 years, no one who is responsible to their own shareholders could pay for resources that are only 10% proven. It's not a 'bashing' thing, it's reality. Either we prove up a pile of more ore at economic grades, or metal prices need to rise by a few hundred bucks to make us deserve a significantly higher valuation. As for the other assets, it's the same deal. The moly play is huge, but no one can pay big dollars for it now because it has a feasibility study that currently has it underwater with current prices.
Perhaps you understand the numbers much better than you let on, but blindly hoping for a buyout is dangerous. I wasn't trying to say that I didn't want a buyout! I just don't want a buyout at the price we deserve right now. We'll make far more money with SAM in a resource sector turnaround than we would with shares in a larger company that buys us out (which they won't anyway, as we're too small).