The problem is this information: The reserves are grading at 0.39 g/t gold in the proven and probable categories containing 1,279,500 ounces of gold ounces. The life of the mine is 6 years at the most and has cost TAHO 1.2 Billion dollars of value. This deal sucks for TAHO
The Problems I see are; the short life of the mines and the low g/t in the RIOM mines. The good deal is for RIOM share holders ONLY and the BAD DEAL is for the share holder of TAHO, it has cost the company 1/3 of our shares and the company. I hope the share holders of TAHO VOTE NO to this deal.
Pretty well timed call simulpalo68, the actual low coming just a few days after your post and a dollar or more lower. It looks like the royalty legislation may take a few more percent off the top, but it looks like with silver catching a bid at last that higher prices are on the horizon for the shares as it breaks above a long term downtrend.