current offer significantly undervalues bow, page-4

SF, i agree there are multiple variables involved in valuing a company. By applying the same assumptions you have listed in relation to justifying the low ball offer, how would you apply the same assumptions, post mortem, in justifying the price paid for ESG?

Are ESGs tenements more valuable and of more strategic importance than BOWs? Had ESG proven greater resource or potential resource?

I fail to draw comparisons based on your comments..