net present value should all 3 project proceed,would put a npv on highlands well north of 200 million in market cap.or approx 1.00 per share imho.there is a 12 month time frame for my projections,barring noranda coming up with some good numbers from the frieda j/v.should that happen ,then 1.00 would seem cheap for a company with three world class projects.i hold for the medium term.