Hey BB,

I beleive the flow-through would go to CCC for the construction of the RR, in conjunction with the $489 mil from 3P.

DDI will be publicly traded following the distribution of the special dividend to KWG SHs. It seems that the value is being placed at .30 to .35, given the anticipated number of shares outstandind versus the projected (spec) value of DDI on its own.

I do not beleive that KWG's BOD is willing to accept anything lower than .50 to .60 per share, given that a new valuation will most likely come in higher than .30 to .35 and that they have nothing to lose by playing the waiting game. Important to keep in mind are the looming PEA numbers which will greatly inlfuence to the upside should we make it to 01 April 2012.

I agree with you that this whole thing may already, or might in the future be settle in a friendly boardroom meeting emcompassing both financial contributions as well as non-financial concessions to close the deal; suffice to say... it is clearly obvious now, that KWG's bargaining position has improved significantly in the last 12 months.

Good luck to all KWG longs,

LP