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ghmm

11/14/14 4:50 PM

#183876 RE: north40000 #183873

LGND:

I won't comment on the valuation since i obviously was wrong in selling out too early. Probably you are aware but for others who are interested and not aware their royalty is an escalating royalty so the 9.4% is actually a bit misleading. Here is the chart I have from old notes: