The thing I have been thinking is do CDN want to sit around...

The thing I have been thinking is do CDN want to sit around waiting. If they believe a Gold rally is coming
wouldnt it be better to have a listed ASX entity.

And if BDI believe a gold rally is coming, don’t they want CDN on board.

At the end of the day valuations are personal,I sold my house 3 years ago and I wanted 2 mil but the buyer offered 1.6 mil, we settled on 1.8 and neither of us was ecstatic but we both probably got what we deserved
markets move in either direction after a deal as well, so you could be arguing over nothing in the end anyway.

I say get the deal done and grow the share price together,
you will make more money in the end with it all listed on the ASX.

What you are fighting over could be a 1. cent move in the share price later on, so split the difference and do the deal.