This is what makes investing in juniors explorers interesting, when a company with a tiny market cap of $10 million and a PEA with NPV of US$ 830 million receives take over bid of US $750 million.

But investors had to wait 4 years since publication of the PEA in 2013, before any substantial news or increase in share price.

http://www.mining.com/canadian-magnesium-explorer-gains-nearly-1000-asset-sale/