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ekythump

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ekythump

Re: None

Monday, 05/01/2006 2:59:53 PM

Monday, May 01, 2006 2:59:53 PM

Post# of 115222
stop worrying about the long term debt being so high.

If you have a 10 year lease on a $4 billion property, and you have to give it back in 10 years, how much long term debt do you have?

The simple answer is, $4 billion. As the company mines the gold, it will owe less and less.

Seriously... it takes finance 101 to figure that out.
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