It is absurd to think that ECU would give a 1:1 share acquisition offer to Golden Tag. GOG will have to dilute to retain their interest and would also have to pay for the production costs. They also have no control of how/when ECU might want to handle production. ECU may very well process ore from their 100% owned properties with infrastructure before they ever think of San Diego.

Right now ECU has 431m oz (including their share of San Diego)

GOG has 111m oz (not too shabby considering their o/s) but the way it was explained to me, they would have to pay for production costs which in effect would have ECU getting 75% of San Diego. I can see ascenario where GOG is acquired, but it will not be 1:1 IMO.