And how is that possible if we are waiting for Ni 43-101 that will come on the end of this month. That means price will not go down and could go up even to 20 cents range that will put take over offer even above 25 cents. If you are looking for Chart maybe you are right but you don't take to account something like resource report. Last interview on BNN was really positive about that report. I am more than convinced that report will be great. So I will put some number like 200M$ resource report. That is enough to put take over offer above 20 Cents. So where is Your math, chart is not enough here.
Good luck!