I have no argument with you statement on the 2011 FS no longer relevant. That is not what I was talking about. We had over two years from 2014 to 2017 preparing an RFS, which fact was stated in official documents released by then Shore over that period. We diluted to the tune of some 80 million shares to accomplish that revised FS, which was clearly at or near 95% complete or more in late February of 2017 and that seems to have been derailed by the Rio negotiations we now know were occurring at that time.
To put that in its' proper perspective, if we use the average cost of our outstanding shares as a guidepost rather than the actual proceeds received in the various PP's and Flow through placements to pay for that RFS work, we have a cost to us shareholders due to dilution of about $160 million.
That all went down the toilet with the Rio deal. And I disagree with you on Rio starting afresh. They had that 95 or 98% complete RFS in hand to start with, so most of the work done for them. All the historical data does not change, the tonnages do not change, the grade does not change (we now know after this option exercise that grade was not an issue, just as Ken, George, Neil and Brian all repeatedly said after the deal was released). My guess is Rio is only fine tuning that RFS to meet the changes they will make in how they mine this monster kimberlite emplacement plus changes in their economic assumptions.
Rest assured it will differ to some degree from the Shore study, but essentially changes will be minimal in the total document. No way have they started from scratch. Sorry, you are way off base on that.
And that is what pisses me most and why this deal was worst in history in my view. And two and half years later we still are dealing with uncertainity even after the Friday release.