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Message: Re: ancient interview with Peggy
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Jul 06, 2010 02:45PM

BTW: if you find an error in this interpretation let me know, but the interview (in 2006) suggests their NAV back then was $1.60 or so. Subtract 2-3 years of production and you'd still have about a $1.20 NAV today.

So they're trading at 35-40% of NAV. Still smells like a good deal.

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