rau valuation, page-9

bear23,

Fred Earnest, Vista's President and COO, stated, "We view the sale of Amayapampa as a strategic divestiture that will allow us to concentrate our financial and personnel resources on developing our larger Paredones Amarillos (Mexico) and Mt. Todd (Australia) projects. Republic has been involved in the Amayapampa project in recent years, and we believe that it has the experience and technical team to expeditiously place the project into production to take advantage of current gold price levels."

to answer your question, no, they are not that stupid.
plus they get the 3.5% royalty.