Good points Cdchi1 ... particularly that 90% of MKO ownership...

Good points Cdchi1 ... particularly that 90% of MKO ownership are pro merger .....any decisions are in their hands. I just hope that their interests in MKO are more than their interests in EAR.

My point is .... irrespective of what EAR find or prove up (as long as it is substantial) ... they will have to spend around $100m if they don't get access to BW infrastructure to get to production. This alone is enough leverage for MKO to get full value for the plant and infrastructure.....what that is I don't know ....if it is in as good condition as you have previously noted 50% of replacement cost would probably be fair?

The better the drill results for EAR and the longer MKO wait the better the leverage for MKO in negotiations.

Your point on a larger player taking out both companies is interesting ....combined market cap is around 45m at present. BLK market cap is around $90m with a smaller plant but 100k oz production for around 10 years. How far away would the combined entity to be getting into that position ... 2 yrs?