COminer, You may be spot on with that statement. Keith did his DD when he bought these properties and I think that in the current PM environment they can ALL be very profitable for the right Company, so I don't think RR could question that as a problem. I did learn from the webinar yesterday that Auteco approached FMG, it wasn't us going to them.
That tells me the Auteco management had done their DD on PC too.
I firmly believe PC to be a top tier property and with everything it has going for it with the existing infrastructure (we didn't know about) and all the past data on it made the Auteco JV a sweetheart deal for them. They knew what they were getting and it was much more than I think our people thought it to be.
I also believe that because Dan had so many plates spinning at once with our other properties and especially Springpole, Management decided to go the Auteco route, which obviously left a whole lot of money on the table for Auteco.