The average of the last 30 days is around 0.28, and if you put a...

The average of the last 30 days is around 0.28, and if you put a premium of 50%, it goes to 0.42 a share. I think that is an OK price, given that gold has come down a lot since the 1,800's in July. That would also represent a valuation close to $25m, which is twice as much the cash that SAU will receive from MLX/WGX. We could get 1 WGX share for each 4 SAU.

Of course, if there are good developments in South Korea or Cannon, all this will change very quickly, but at the moment, 0.42 per share is not a bad deal for a takeover, if that is even on the table. This is a wild, wild guess. I am also happy with going alone. Despite the drop, I see much more upside than downside to this stock. It resembles SLR when it was in the low 0.10's and nobody was giving a damn.