I think the guys at Teryl will not be snookered into taking less then the property is worth.

If they were after the quick buck, they would have taken the deal last year.

I am surprised that the price is so low. Kinross offered an unconfirmed .38 or so last time... We have more information and a higher gold price and a geologists report due...

So this is still one of the best risk reward plays I see.

I'm hoping that UC gets a buyout offer for the Rign of Fire assets and I can roll the funds into Teryl before the next offer.

My guess is late August.