That's certainly true, but the longer this is delayed, the more information there will be on recent drilling results, the potential silver recovery, etc. This means that more potential bidders will be able to determine the worth of the property more easily.

However, if Tech submits an early bid that looks good to shareholders and management, many potential suitors will look at the cost and think, "We don't want to get in a bidding war at these levels, especially since we don't really know what the silver is worth yet and we don't really know how the new drilling results will affect the resource and feasability".

However, the more information that comes out and is analyzed, the more likely some other suitor or suitors will show up.

If you have ever sold anything on e-bay that is a bit hard to get, you probably know how ridiculous prices can get in a bidding war. I once ordered a longbow from a well-respected bowyer who was behind about 6 months in orders. The price was $600.00. By the time I got the bow, he was behind over a year and the same bow would cost about $850.00 to order. It was a great bow. I shot it a few times and then couldn't resist so I put it on e-bay. Sold it for $1,800.00. As good as it was, it was not worth $1,800 to me. Probably wasn't even worth the $850.00. I can't imagine that Tech wants to get into a bidding war. Thats why I expect them to act sooner, rather than later, but actually hope they act later. A minor bidding war will jack up the price; a major bidding war can jack up the price to the point where the winner overpays.

Rip