Golden Tag is currently trading at 16.5 cents per share so I don't think an offer would be that high. Also GOG owns another good property that ECU is probably not interested in so an offer could be for the San diego property and not the entire company. GOG's market cap is currently about 6.6 million so an offer of 10 million for San Diego alone might be considered more than reasonable. ECU would then be buying I+I resources at only 4.5 cent per ounce. I don't know how much GOG has spent drilling San Diego so that might be representitive of a buyout price also. Regards.