gdan01,

I couldn't agree more. That's why I was so pissed off in my post recently. Sure there are uncertainties about permitting and financing, like Minetheprofit stated. But Kinross knows these issues and has dealt with them before and knows how to deal with them in the future. And because they make an offer, the indirect state/suggest they can handle these issues.

But the more important fact, like you also stated, is that it is not what a share is trading for but what is worth intrinsically and more importantly what it is worth to the other guy. This is really negotiating 101.

GLTA