assuming the K deal was arranged to bring on other bids

and possibly protect from a hostile bid

The 15,000,000 shares must be voted towards a superior bid, unless Kinross wishes to match

therefore, subsequent offers have to be beyond what Kinross can afford to match

one analyst said K could afford up to $200 an oz insitu or approx 1 share K for 1 share ARU if you base it ONLY on 13.7 m oz and you know how I feel about using a 2.3 g/t cutoff!!!

any serious subsequent bid should be beyond that

Bedards alleged guestimate of Newmont around $18 might have some reasonable thought behind it

Using a 20 m oz count closer to $25-30

Bring on the hidden data. Bring on a revised lower cut-off

Time to get real

safeharbour