Part of the raise in price will obviously be determined
Part of the raise in price will obviously be determined once cashflow is understood. How much they get per board foot (.16 and .10) and their percentage (17) is pretty straight forward, but I'm not clear on what the 25% of the company yields, as well as what they will make on the TigerLynk itself. It looks to me as if it could work out very well, but I'll feel better once those items are clear.
Also, it read like the deal with N. Cal said they would be responsible for on-site milling. I may have misunderstood, but if that is true they are doing a good job of off-loading some responsibilities and costs to partners better equiped to deal with them. My initial read was very positive, if it works out the way I interpreted it.
I think we'll get a that understanding worked out in the next few months.
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