RE:A Market GiftYou said "I would imagine that the share price is not much higher than the cost of their infrastructure."
I think you are close to the truth there. They have spent about 250 million on Kiena so far with another 50 million to go. There was already a built mine there which I would guess to cost another 200 million to build today. That implies about 500 million cost for that mine. Add in Eaglle river for another 400 million, and you have mine infrastructure costs that match their current market cap.
That implies you get the reserves for free from that point.