There's been some talk that the value of FWR isn't truly known thus how does one put a value to it's worth without 43-101's etc. The question can be furthered by asking, how does one bid on a company without knowing it's value? A company would have to have a basic idea in order to know how far they are willing to walk out on the bidding ledge. Further complications arise in the reason for obtaining another company, that is to say, is the interest for the value of what's in the ground or is it an interest in keeping it out of the hands of other companies. The former has a more specific value while the latter is not as easy to come up with a dollar sign for, thus more difficult to decide how far one would go in bidding. I think the key players involved know much more than Joe Poster knows about the numbers and obviously know what their final offers will be. Cliff's may be more interested in insitu values while perhaps NOT or friends of NOT are more interested in a DeBeer's approach. For all we know it might be worth more for a large company to be able to sit on a resource than a smaller company to mine it. We won't know until we know....if we ever do.