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Re: Joeiniowa post# 290

Thursday, 11/08/2007 11:16:59 PM

Thursday, November 08, 2007 11:16:59 PM

Post# of 102667
joe in iowa:

you have done a cash flow analysis. good work. Dutch will be a cash cow.

some comments:

You omitted (correctly) depreciation on the new equipment which is a non cash item...this will reduce GAAP earnings.

We do not know what the overhead costs will be.

You assume that we will be paying taxes...I will bet you lunch that due to start up costs and possible tax loss carryforwards, we won't owe tax in the 1st year.

overall, good analysis. your numbers could be on the low side.

My gut instinct tells me that the Gold Bug ore grades will put wall street in a tizzy. cheers

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