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sanbrunobaby

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sanbrunobaby

Re: lesgetrich post# 62680

Monday, 03/18/2013 4:10:36 PM

Monday, March 18, 2013 4:10:36 PM

Post# of 67010
Looking at the fact sheet if one takes revenue X gross profit percentage, it certainly doesnt come up to $50 million in the first year nor the second year. Then one has to factor on G & A costs, and any exploration costs- since they have no reserves exploration expense according to US GAAP and SEC accounting practice it needs to be expensed.





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