republic gold limited enters non-binding sale , page-50

In my opinion, regardless if the sale to the Bolivian government goes through or not, RAU is now a huge takeover target. With 1.3m oz of gold reserves and current gold prices currently at around USD$1650 and rising the potential for this company is huge, IMO the price seems significantly undervalued, many larger mining players will be seeking to make a move on this gemstone and would be very likely to pay far more than $35m, which currently represents around 1c per share with the 3.3b shares outstanding (which is huge compared to the 0.3c market price).