For each Aurelian common share, Kinross will offer 0.317 of a Kinross
common share, plus 0.1429 of a warrant, with each warrant entitling
the holder to acquire one Kinross common share. The Kinross warrants
have an exercise price of $32.00 per Kinross common share and will
expire five years after the date on which Kinross first pays for
Aurelian common shares tendered to the offer.

Warrants at 32.00??

Kinross 52 week high is $27.16??

Kinross is currently trading at 20.84??

I guess they must think that they are undervalued too.

I will hold on and hope we get a better offer.