Glorieux, You're making me giddy. In this scenario are you using modest figures? Is the price per ton of $8000 on the low side as time marches on ie. year 7 of production? Is the resource size 20M tons. I understand they have two other pipes they have not explored as of yet and there is further work to be done in even calculating the tonnage of this particular find. Are the discount rate of 8% and the $100M in investment on the high side or the Conservative side? Give us your thoughts on the worst and best case scenarios. I am assuming what you have described here is a middle of the road valuation but perhaps I am wrong. Glad I am aboard even if not in a big way but need some dry powder to invest further. the deputy