RE:RE:RE:One is better than two you will have I don't think anyone is saying that the AGG/RBX marriage isn't a great fit.
It's the evaluation that doesn't make sense, even based on your calculations.
1.2MIL M&I, with confidence in 250K transfer from inferred to M&I in the next resource calc. = 1.45MIL
1.45MIL*25 = 36,250,000+4MIL (PP) = 40,250,000/ 175,000,000 = .23 add .02 premium = .25
I understand you're saying that the evaluation isn't forward looking however, all indications point to that additional 250K in M&I being announced in the next few months.
So, if your AGG, and been drilling for numerous years, what's a couple more months of waiting to basically DOUBLE the evaluation of your company from a very low-ball offer.
Which is why I say, AGG is better to wait for a real offer, once some growth capital that has already been expended is re-calculated into the company's evaluation.