N = The number of civilizations in The Milky Way Galaxy whose electromagnetic emissions are detectable.
R* = The rate of formation of stars suitable for the development of intelligent life.
fp = The fraction of those stars with planetary systems.
ne = The number of planets, per solar system, with an environment suitable for life.
fl = The fraction of suitable planets on which life actually appears.
fi = The fraction of life bearing planets on which intelligent life emerges.
fc = The fraction of civilizations that develop a technology that releases detectable signs of their existence into space.
L = The length of time such civilizations release detectable signals into space.
So do we meet a close encounters of the third kind in our lifetime?