if there is a takeover? whats a fair price?, page-59

No one is going to show their cards as yet and probably will see buying coming from off screen, that is if anyone is willing to sell. The price will go up just have to wait and see where it ends. Either way it should be a good ride and hopefully the ride doesn't end till we are at a fair offer (IMO if they had offered anything above 50c it would have been considered). I would say fair value based on the resource upgrade is around 65c-80c, but after the scoping study comes out that should push it to $1++. Just remember they have $360M confirmed in resources, the high grade is not included and plenty of more drilling to be had. I would not be surprise to see $600M+ in resources if they continue to do it alone or with a JV.