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Sam Dan

09/29/09 11:45 AM

#5941 RE: Harry Wickey #5940

Bob Back to math 191. Your calculations are way off. Will try and answer later as I have to leave right now
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Bobwins

09/29/09 12:15 PM

#5943 RE: Harry Wickey #5940

you are right. I must have not gotten enough sleep last night. Big goof. Your numbers look a lot better than mine!

Should bring in around 2 million a qtr cashflow. Second circuit would be 4million. X 4 = 16 million cashflow from the mine. Subtract 2.5 million for SG&A and you get 13.5million net before tax. You still have to subtract depreciation/depletion to get to net profit b/f tax.

Will be interesting to see first full qtr of results.