That 5.7 ratio comes simply from the 85:15 revenue split. Both SFMI's and GHDC's cuts of course will be reduced by their costs, and of course SFMI bears mosts of the costs. GHDC simply collects. And SFMI has a $1M yearly payment to GHDC- but I hope that revenues will be great enough that that can be "ignored" as not affecting the bottom line of either company very much. As of now, both companies have about an equal number of shares (at least for rough calculations). GHDC's properties will be valued based on revenue, which is priced in to that 5.7. I also mentioned that the 5.7 assumed SFMI mines from GHDC properties, and that the "status quo" remains, i.e. GHDC doesn't acquire other properties, etc. You're absolutely correct- that 5.7 is a starting point, and we won't know how to adjust it for a while yet.