This also came from Patricks mouth at that resource conference in Calgary, There is NO way you can put a value on the land base of ARU as a whole. On the deposit at FDN yes.
Those were responses to questions i had asked.
Personally I won't let Aru go for under $25/ share and that for only the FDN-BLP deposit corridor. I surmise that in the future just this area alone will give the purchaser a lot of upside.
As for history and correct me if I'm wrong but in the history of gold mining, when a deposit as big as FDN was discovered there has always been a sister deposit discovered nearby.
FDN is the start of a new mining camp the likes of the Carlin trend in Nevada. This is just the tip of the iceberg. The true worth of this discovery won't be known for twenty years.
I won't even tender my shares for $20 because this is likely such an undervalued bid in itself much less k's offer. K's offer is a joke and a piss poor joke at that.
Wes