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  1. Is it possible to find a small, private business with access to a good water supply that is running unprofitably and worth very little where the owners aren’t thinking in terms of the value of the water commodity but rather are wasting the resource on a bad business idea like making artesanal soda? Can you buy a business like this, scrape off the operational business (liquidate or sell apart from the water resource) and hold on to the water resource for 10 or 20 years?

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