How will the New Shareholders affect (define) the value of Omagine?

Let me count the ways.

Once the DA has been signed, various valuation dimensions become real, not aticipatory or non-existant, as is the case today. Not only will Omagine's one-half ownership in Omagine LLC accrue a cash value of $55 million to OMAG, or $5.00 per share (for starters), but it will warrant the release of an array of expectations related to the future operations of Omagine LLC AND Omagine, on its own. At this point, the present-value-discounting of net positive cash flow estimate of $450 million (50.5% of $900 million estimated by management over the subsequent five year period), calculated at a discount rate of 20%, OMAG would be valued at $20.00 per share, on today's 11.5 million shares outstanding, and again, that's before calculating what OMAG can do in real estate operations on its own merits, apart from Omagine LLC.

And once OMAG's pedegree is fully understood and apprecaited, by virtue of its sweat-heart relationship with three stirling partners, the stock market's theoretical dicount rate should approximate the average, potentially allowing the price to double to $40 per share from the $20 level.

Could OMAG become the Stock of the Century?

harrell