A JV is the most likely option ..With a big corporate user of fumed silica and all the other spin-off products the FSR manufacturers....This total market is in the multiple of billions $$$....There are many grades of fumed silica that are consumed today....We have just opened Pandora's box...Why would Bernard sell the Golden Goose ??..Sales haven't started yet !..the best option is to open the door with 1 company via a JV and then develop all other grades of fumed silica in-house....This will put HPQ in the driver's seat when the full suite of fumed silica grades are available to this market...Read the PR and you will see there are many users in many different markets....A JV will finance all future expansion....I see more than 1 JV coming....uncleron is always right !..cheers