RE:What does a 38% premium look like?It is pretty normal to see a SP boxed as it advances and in the case of Sabina's advanced, derisked (almost....Minister....) stable jurisdiction with a growing deposit getting closer to becoming a mine a simple ratio does not work in my view. Each and every takeover/under deal has different conditions and therefore ratios/numbers. I think $3.13 is low in this case. $3.50 seems a better fit or as jump has suggested $4 would be even more welcome. Time will tell but in this case I am comfortable with the box appearing because this to me, shows growing interest in a takeout.