RE:RE:RE:RE:RE:RE:RE:RE:FMV is 46cts.. TUD only.. 20%SM1, My confusion lies in my understanding was that Tudor had other projects beyond the Treaty Creek partnership with AMK & TUO that AMK wasn't involved in. Thus Tudor's share price would comprise more value beyond the interests of AMK that would need to be taken into account/subtracted out. Beyond that I fully understand your math, I just don't understand how we get a full 20 percent of Tudor's value. Or is everything Tudor does a joint venture/partnership with AMK? Thanks for answering basic questions--much appreciated!