Comment: Looks good! You covered the issues that concerned me.

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In reply to comment: Just to clarify for the (see in situ)

Looks good! You covered the issues that concerned me.

Pricing in gold over time helps null the $FRN effect, IMO.

I also, use gold prices for long term comparisons. I had always done the calculations in $FRN. Sometimes it looked good, sometimes not so good.

Free includes debt-free!