Nothing much happening for a long while so is there any harm in engaging in some wishfull speculation? Think not.
As for my 2 cents worth on the buyout sp?

With no news as we are at this moment, 30 to 50 percent premium I regard as a minimum and initial offer. I say that because anyone offering would first try their luck.
However on a more realistic side I remind everyone of the Freewest action. Freewest was finally bought for approx. four times it's trading price just before Noront made their pitch.

So I consider it reasonable to ask for a similar ratio with our current status.

But I am not that reasonable. My long hold average is $1.97C so 5$ for about half of it and 10+ for the rest.
(I also have some near term traded shares whose average is just under a buck and most would go 2$ or so.)