It seems like a slam dunk from here. Too easy? Time will tell but ADV CEO's comments makes it look like it's almost a deal made in heaven for them. If B10 is a success it will be hat's off to CVN management for identifying the opportunity and basically being on the receiving end of a nice little earner without having to shell out virtually any money. All the upside with minimal risk. Yes we gave 50% away but it preserves CVN's balance sheet for the big prize - Dorado and Bedout upside (Apus, Pavo etc). Still a lot to get through but everyone seems to be rowing in the same direction.
Ann: Buffalo Project Update, page-231
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