In this current market, you'll get 6 cents per share. Honestly, if First Mining Finance came and offered that, I would take it. It's a bad deal, however, having your shares converted into a solid portfolio of gold properties gives you additional room to make back what you lose in the acquisition deal. Blue sky potential is worth $0. No one is paying for potential right now (if that were true, someone would have funded Tyhee). Reserves might be worth $50/oz but given Tyhee's debt levels, you have to devalue the ounces to pay back the debt holders.

If gold zooms through $1400, we need to see it stay there for a few months to give confidence to the financiers that they can fund the project. After that, the project will be worth something around the area of $80-$100 million if gold does average $1400. Anything above that and the project will be worth more.