Thanks DEH an excellent summary of the situation.  A couple of questions;

1. Do we think the ML pregnant gain is reflected in the NCU price?

2. Wasnt there a provision such that NCU may not make any profit on ML?

3. Presumably the ML shares will have to be sold to a strategic buyer given the # of shares held by NCU?

Just waiting for the revised NPV #'s. This should be an excellent year for NCU!