Luckylou , you said:

"I think the answers are obvious. the VALUATION is a guide line MIGHT work for us (clifs knows that isnt going to) might work against us Clifs favor). valuations / apraisals are done with reliance on facts and historicals. Blue sky not weighted very heavily). So at this particular point in the development it is difficult to say. but probably wont vary significantly...imo"

Have you ever been in a courtroom where both the Prosecution and the Defence hear the same facts but their summations are vastly different?

When you say, "---probably won't vary significantly", and "I think the answers are obvious", I get nervous.

Cliffs pays the valuation. Right away a red flag goes up for me, and it should for you, too. These boys didn't fall off a turnip truck.

Gleegee.