Omagine

JB - I agree that most/all of these articles are lacking 3rd party excitement regarding this project. But at least it's broadcasting who we are, etc.

I have to believe that the experts who valued the land took your thoughts into consideration. That is, recognized the conditions under which the land would be developed and eventually sold. Even so, I don't think the process (as outlined in the DA) would nor should hinder the value of the proposed final products. It could and would impact our cost structure, but not the ultimate value of the product being sold. You are correct in that we can't just sell the land for $718m as is and of course it can't be used for anything OTHER THAN the Omagine project. Which means all other options are off the table and we and the Omanis are committed to developing this project as envisioned. So I don't see the value of the usufruct agreement being less than the value of the land.