Hi Harrell,

Thank you for the hypothetical analysis and your perspectives on the recent topic. Appreciate the useful feedback as always.

Couple points though:

1. The land value increase i refer to is what has already happened. (i.e.) increase in land/home prices in Oman from the last official valuation of the Omagine property to now (and not future potential increases at 10% or whatever else). If the original projected financial model was based upon the old lower value, then substantial property rises (50+%, 100+%, or more???) should have an even more improved outcome for OMAG.

2. I am no expert in the area of real estate development, but my guess is that a big portion of the $600m projected cash flow, in the first 5 years, must be related to land/home sales. Perhaps over the longer term (5+ decades that you refer to) bigger portions of the total revenue may come from other channels like property mangement etc. etc.

Again, only my views based upon my interest in OMAG having recently become a large portion of my current portfolio.