Steakhouse,

In my previous message I was speculating about AE's personal fortune. At $10/s his before tax take-home would be $50M, @ $20/s it would be $100M, etc...

It's true that for $10/s the entire ZEN would be worth ~ $600M which is low in your opinion. Of course, it would depend on the price one paid for the shares. But, how much would you accept? $20/s, or more than that? Of course, the PEA would give us some guidance on the in-situ and on the ground value of the deposit for sure.

Back to AE, it's a personal decision for him as far as an acceptable price is concerned. If he thought that $10/s would be enough for him (to give him $50M) then he would persuate the BoD to accept the offer, then let the shareholders decide. If not, then he would not support it. But it's the BoD decision to recommend to shareholders, not him alone. Shareholders would have some say, but in this case with Management (AE has 9%) holding some 30% what they vote, along with their friends, would carry.

goldhunter