Same thoughts from me guys.Very nice work and good calculations.
Also Bitumen Bills explication about SAGD is a good reminder that this technic is not always succesfull.
So I think once Algar is approved and the site building has started we will see the same approach from investors once the ramping up takes place.They will wait to see the actual production to start accumulating the shares.
So IMO we could now see a fundamental increase for the sp based on performance from current POD +Luke and MRC.
But for a contribution for Algar I guess we will probably have to wait until end 2009 to see the numbers coming in .