I think that take over offer will come after completition of initial National Instrument 43-101 compliant mineral resource estimate. After that it will be more clear valuation of Big Daddy Deposit.

Just to remid that we are still waiting for Assays form 14 remaining holes:

Assays for the remaining six holes from the 2009 program will be released when available .

Analytical results have been received for the first 2 holes of the 10 holes completed on the Big Daddy prospect (a magmatic massive chromite deposit type) during the 2010 drilling campaign. The remaining 8 holes will be reported once all assay results are finalized.

Hole #33 is interesting:

hole 33 entered a narrow fault zone that was observed to be partially filled with an unidentified but high grade nickel sulphide mineral (based upon in-house hand held XRF Niton Analyzer measurements). Upon receipt of laboratory analysis, the sulphide zone over 1.0 metre averages 2.74% nickel, 0.12% cobalt and 1.04 g/t Pt+Pd. A sample of the sulphide mineral selected for petrographic analysis was determined to contain an alteration assemblage of minerals including godlevskite (Ni9S8) along with veining of mackinawite ((Fe,Ni)9S8). Dr. James Franklin (director of Spider Resources Inc.) states: "This is a very low-temperature assemblage, and probably represents hydrothermal transport up a shear system from a more substantial Ni accumulation", Dr. Franklin continues "this explains the very high Ni contents, as it contains nearly 60% Ni ."