Shouldn't be anyone, except maybe the idiot on SH, who honestly disputes the logic of this merger, and I agree that it will not likely see the light of day before a decent buyout is on the table.

As you say, RS, nobody anticipated the bid from NOT for FWR. There is always someone out there that could see the writing on the wall, even someone like Agnico/Eagle or Teck, who simply see it as good in/out.

Agnico Eagle did it with Golden Eagle, for 25% buy in, and netted a cool 35 mill in less than 30 days.

Teck did the same with Diamondfields at Voisey's bay.

If someone such as them bought in for even a 5% stake, and then announced an offer of .25, they would quickly get a counter offer that would net them a double or better in less than the 30 days.

Best regards

K