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Re: 57tbird post# 5344

Monday, 04/30/2007 5:38:29 PM

Monday, April 30, 2007 5:38:29 PM

Post# of 45606
57tbird,

$644,645 -$105,614 =$538,531 Loss

But that is after taxes,depreciation,and depletion.

Since the depletion allowance is about 25% of gross, then 2.4 mill x .25% is about $600,000.

Then the ebitda (operating income)is a positive $60,000 before taxes and depreciation.

So are you guys working for accurate or the other way around?
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