There's an awful lot in the RWD document that looks to me like they are trying their best to trick the market. Let's start with this one...as some of you RWD people who like to can AMN have pointed out AMN are using $550/t while RWD is using $500. What you have failed to point out is that AMNs is flat while RWD is inflating at 2% p.a. Now that might seem like a little number but it means RWD exceeds $550 in year 5. By year 10 they are $610.
The end result is that while you are trying to hold RWD out as being conservative the present value of their income stream is 20% higher because of this 2% inflation. The maths doesn't lie.
There's an awful lot in the RWD document that looks to me like...
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