RE:Share ValueI computed a pretax Present Value (10% disc rate) of $700 million for TCF's 49% share. Less Capex of $85 million, remainder is US$615 million or$1.65/share. But if FD share count of 450 millon is used, value is $1.35, exactly the same as your number. If gas price stays at $30/mcf, the value is much, much higher. Best I can do currently.Lots of assumptions.