RE: GrandichThe funniest thing is that market values (FD) are ATW: 17 M, MFM: 20 M. And we have to remember that this 30% share with no risk and no capital expenditures should be valued the same as 100% with all the risk and dilution. After all they had it wholly by themselves before JV. Better yet, Amarillo is not even their flag ship project. Might be the third best or something like that.