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Hi there Warren,

This blow-out really doesn't mean that much to GGP when one considers the big picture and GGP's involved costs.

The nitty gritty at the moment is Silverwood where GGP has a larger cost exposure and a larger return.

When I looked at the projected returns from the JV with GGE it really is little more than petty cash as it stands. JMO.

To me this JV is nothing more than another FP where the possible return is quite small unless results far exceed expectations.......and I guess we can hope for that. LOL

I would think SG is endeavoring to create cash flow to enable a greater % participation in future projects.

The Passe situation I find intriguing also.

There sure are what one could describe as incestuous relationships at work here.

Anyway.......how's your toe?