RE:RE:RE:RE:RE:Amount of Tranche 1 projects revealed....You are comparing Montalva's NPV of what it is valued at over 30 years of income, let's just say $180M, with Sage at one year of Income, which is actually 40M. Sage over 6 years = $240M compared to Montalva's 180M over 30 yrs!! NPV also diminishes over time as higher risk is inviolved as well as longer time to see the returns. Since GRB, as I understand it, has no expenses with Sage, I don't see why the NPV would not be close to $240M for a relatively low risk project. NPV is NEVER calculated by finding what a company will make over one year when it has a multi year contract! If it was, SBJ would be correct in that if BOTH Sage and Montalva were approved, the most we would see is a $1.53 S/P and I can assure you that will not be the case! Please look up the definition of NPV because you are truly missing how much more valuable Sage is than Montalva!!!!!!