So for $2.3 million plus 600,00 warrants over 3 years San Gold gets 80% of the only real asset Cougar has plus they are the operator. Does that mean the other 20% of the pasture Cougar has staked is worth 575k. How does that split up 75 million ways? 0.0077 cents but if you count the cash they just got from SGR, then the current share price at 4 cents is about right. Maybe a little rich unless you round 0.0383 up.