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DownWithPumpers

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DownWithPumpers

Re: Sandy601 post# 2951

Tuesday, 09/09/2014 2:56:21 PM

Tuesday, September 09, 2014 2:56:21 PM

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They have some stuff in the ground. They lose money when they mine it. They more they mine the more they lose.

They can't even breakeven selling their product much less paying their debt. That's why their business is borrowing money to pay off interest on previously borrowed money.

That's all you need to know about their book value.
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