Ann: Alt Receives All Cash Off-market Takeover Bid from Aurenne, page-130

Don't agree at all !
An objective appraisal is as good as the person who makes it but usually they are of a fairly high calibre .
But the difference between an "objective " appraisal and the one you OR management might make is simply that you AREN'T OBJECTIVE .
Can't be ...too much at stake .
And management are even more conflicted with options dangled on one hand and losing salaries on another .
That's why it's done .
I also doubt you have the expertise that is needed unless you are a geo and a mining engineer .
I've worked on minesites and have juggled numbers from time to time but I know I'm not .

Certainly the comments I've seen here are similar to comments ,(as Crom Valen mentioned ), I've seen from other company's eventually successfully taken over ....not so much wrong as unbalanced .
Seeing the potential but not the cost .
Now I'm not saying the bid IS FAIR (necessarily) but I do think posters here are not likely the BEST judge of that .
The market is right , if this succeeds it will have been the right price , if it doesn't then it was low ball .
Let's not be too pompous but wait and see how this plays out .