Let's not forget something else here, ladies and gents. With the latest estimated cash flows of approx. $450 million on a NPV basis, that translates into: $450m * 60% ownership / 14.4m outstanding shares = $18.88 est. book value.

And this doesn't even factor in the value of the land nor the roughly $70 million of capital flowing into the company (I forget if it's into LLC or Inc.; if LLC, then 60%, if Inc. then 100%) shortly (hopefully) after the DA is signed.

Let's assume it's all into LLC (which it probably is): figure land is worth at least $300m ... plus the $70m ... $370m / by 14.4m shares = $15.42/share of add'l book value. So, in total, well over $30/share in book value. I'm not sayiing the price will go that high, but the math is awfully pleasant on the eyes! Even if I'm materially off on the value of the land, still eye popping!