Well, it gets a bit more complicated than egos and greed. They are the known quantities. If there is to be a consolidation into one company, it will be a "sum of the parts" entity. Each partner will contribute its part and that part has to be quantified so that their share allotment can be detirmined. What are the components that constitute value. This is where instruments like 43-101 are needed. Then there is unexplored land potential, resident expertise or knowledge capitol, and existing market cap that will all be disputed valuations. It is a messy affair and will require a very strong will to cooperate. From the outside looking in, it seems a bit too formidable. However, it may be as simple as one partner at a time gets worn down by market uncertainty and financing needs and the timing gets right for a merge. Eventually that critical mass is attained to either produce or provide a viable solution for a major who wants to produce what we have.