NickO, Funny you should say that about the TDC's PA as being as bankable as Fortune Minerals'.
Webb made a point of using Fortune's PA as an example of how a PA can be evaluated when viewing their capital equipment expenses that are valued at LIST PRICE in their PA and then seeing how , IN REALITY, Fortune is able to actually purchuse much of there stuff at greatly reduce prices in the open market.
So, in essence, the PA's bottom line may be way off the mark in relation to what expenses are in the real world!... (As Webb said was the case at Fortune and may well be the case with Tyhee.)
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