Friday's close: .365

50% Premium: +.1825

Buyout offer under your scenario (round to the nearest cent): .55

No way would I tender my shares to anyone offering .55. Might (and I say might) consider it @ $1.55.

Too much going for this company : ROF, Timmins, other potentially valuable properties (Victory & Tamarack), WTM shares that keep getting more valuable, Goldex royalty around the corner, and probably other assets I have missed.