Some people (mostly on the other board) are suggesting that a 40-60% buy-out premium is the most we'll receive.... I agree.

However, I think this will happen in 2 steps:

First, shortly after the BFS is released, Teck will announce their intention to back-in for 75%. This will immediately send the stock price up to the $2.50 - $3.00 range.

Second, an offer will come from Teck (or someone else) for our remaining 25% which will provide us our premium of say 50% or $1.50... giving us a buy-out in the $4.00 - $4.50 range.

I also think that the $4.00 - $4.50 will be for just the paramount zone and the remaining zones will form part of a spin-co which we will retain 100% interest in!

FYI, I'm being conserative here and fully understand that the BFS and upcoming drill results could dramactically increase these figures.

Just my $0.02.... I'm open to suggestions.

Cheers