A buyout of the Schaft Creek project will be based on 25% of the project's value and will have nothing to do with the current share price of the company holding the asset.

Of all the buyouts that have taken place over the past few years, how many of them have been anywhere near their previous highs? Can you provide examples of shareholders (even those who had purchased shares at previous years highs) made out well?

A couple of years ago the market bid up the shares of the holding company to $2.75 when the company held nothing else but one much-less-developed and much-less-derisked project.

Copper Fox also had 100% working interest in Schaft Creek.