That's the price Blackrock, Gramercy & the Chinese paid. You might want to consider your low price target in terms a Market Cap. Before the deal BAA traded around a market cap of (50 million) coresponding to about $0.18. After the deal $0.18 would be about 150 million market cap. At some point afterwards there may be a dip in gold. Perhaps BAA will once again hit the 50 million market cap mark That would correspond to approximately $0.06 given the current share structure. There will likely be share consolidation (R/S). There are a lot of other really cheap miners out there with world class operations in the mean time.