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Renavatio

07/16/07 7:53 PM

#45434 RE: USC Cowboy #45432

Revenues for Murphy are expected to be in the $9-11M range for 2007 with a COGS for Murphy at $5-7M. So that puts them at close to 40% margin per Ron Blackburn. Court documentations as to how much they pay per ton in royalties and how much they sell the product for is also available but I would have to go dig through all that again. Please don't ask me to do it as I have too much other stuff going on. It's current though because right now the pit owner is making them account for all product moving out of the pit.