My hat goes off to manangement on this deal. They had a tough choice of taking more dilution at shareholder expense to keep their jobs, options and the development process alive.  OR they could negotiate a sale to someone who could afford to and wants to develop a large orebody. Has anyone looked around at the market lately. ATM needed money and at $0.40 it was going to be major dilution for essentially "carrying costs". I like management who stand up and make the hard choice even if it cost them their jobs and options. Where were they going to get $800M to build this mine? They weren't!!! I'd say they negotiated a huge premium from a tough spot. IMHO