One mile of Ocean Front, $1.6 Billion , One Incredible Real Estate Development.
OMAGINE INC. THROUGH ITS WHOLLY OWNED SUBSIDIARY IS A REAL-ESTATE DEVELOPMENT, ENTERTAINMENT AND HOSPITALITY COMPANY FOCUSING ON MIDDLE EASTERN DEVELOPMENT.
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Re: NPV Question

Posted by: stock_shark1 on May 13, 2008 09:58AM

In response to: NPV Question by chatcat

Chatcat,

Yes, you are missing something.

The original estimated cash flows were based on older and much lower land valuations. So expect a much highier SP value once this is also factored in.

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Frank J. Drohan
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June 28, 2007

President and CEO Discusses Omagine Development  in an interview from Oman

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