As this is an all scrib TO, it's actually a merge. BRB holders won't lose any value appreciation due to market sentiment enhancement. So you just need to compare the valuation of the 2 companies.
Resource size: 6.2Moz vs 1.7Moz
Reserves: 1.1Moz vs none
Cash: $154M vs $77M
PPE: 2 operating plants (may costs $770M to build now?) vs none
Risk: Proved profitable producer vs not even JORC reserves defined
I don't see RMS' offer is anything lowish at all. Do your own calculation. In fact, market is speaking right now.
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