RE:the most annoying risk...Good post. I'm with you 100%. Valuations may take a turn in our favor here. PE needs to sell Kamloops. Let's say a Mercer has a go at it. You have to think that any pulp mill being sold today with China at $950+ will have a very solid valuation. This should price what a pulp asset is worth to counter an inside Canfor valuation. Analyst's keep saying fiber is tight going forward. Well guess what. There is only so much superior Northern Fiber going around. In the short term at todays lumber prices I suspect chips are fine this year. Anyone who can make lumber is producing today. Meaning chips to go around. So take that negative away. What happens if fiber gets tight and two pulp mills drop in BC? Pulp prices will go up since it's still a growing market and strong fiber is needed in the furnish of products to offset the higher HWD inclusion. To me the downside is all baked in. Have fun selling in this range.If you are, you don't know what your doing. Try a different sector. Ha.