Nope, they price they were asking for at toward the end of last...

Nope, they price they were asking for at toward the end of last year was an inflated price, price of gold was in the very high 800's-900's/ounce, therefore, they decided to not take the offer. Considering that PAN had no gold extraction experience, it is too costly for a mine site they are not even 50% familiar with. Think about it, the market crashed, value of even PAN's own shares dropped from $5 - sub $1, and that is a company that had over 200million in the bank, long term supply contracts, no debts, so what makes you think other company is in better position to offer more?

I stand by the board's decision, and I think they are right about no buying. Even myself, I would not want to pay that much for it. At todays market, that mine is worth about 30% less than what they are asking for it now.

Regards