RE:Teck and Agnico-Eagle Form JV @ San NicolasSo I'm looking at this JV and trying to establish a value from this project to what we're building. The partnership decided that the property is worth $580 million, each contributing $290 mill to that end. For that, they own 105 million tons, graded @ 2%. So I that means every ton values out at $5.51....if you devide that by 4 you get the grade down to .5 or $1.37 per ton. So with the most recent drills out and some decent grades at length, a .5 is not so far off. If we can prove up 700 million tons, that values out to be about a billion dollar baby, who comes out of the womb with their own infrastructure. Keep in mind the wild card here is the copper component as its value is sure to outpace those other metals used in the example above.