Lets look at this deal from another perspective. This will give you much more perspective.

Lets say Castle was a private Co that will be producing at the rate of 60,000 oz/yr. With the price of gold today at $1100, the profit margin is about 50%. OK? Its not exact but you can get the picture.

Profit for 2010 will be $33 Million. Now, using a PE of 17.5 which is fairly conservative for a growing gold producer with more than 12 years of reserves, that should make a market cap of approx. $577 Million. We have not even considered the assets of LaFortuna which are substantial on their own. We have not considered El Sastre which will still throw off a few million in profits.

The Market cap of $577 million is more than 5 times greater than the current market cap of approx $107 million for our shares. This is without considering the additional assets listed above. This is also without considering the potential increase in the price of gold over the long term. (bottom line-we are getting 1/5 of the value of the company). These rough numbers speak for themselves

Now, substitute the name of Castle with Argonaut which is private and brand new, and only formed for the purpose of purchasing Castles assets at a huge discount. All in my humble opinion, of course.

Does that help?