I agree, I think a lot of SH are upset because we all see the huge upside with our resource... but if we're taking the *current* JORC as it is, the price we're being valued at isn't necessarily that bad.
Now if, as we are all anticipating/expecting, our resource gets upgraded than naturally the offer price should reflect that and also rise. Double resource size, US$214-220m ? Sure, it's not the best case scenario, but I doubt many would be complaining in here with that. It's all perspective, we're selling something far too cheap because of the upside, once that upside is realised... (which I imagine that parties looking to make a competitive offer are waiting for) then we'll see where we sit.
BGS Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held