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Gold/Mining/Energy : Century Mining Corporation
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To: hubris33 who wrote (433)6/20/2007 8:17:06 AM
From: John McCarthy   of 545
 
H3-

A different answer -

2 cents worth

(a) We have $15 million on the balance sheet

(b) Move $7 million to Expense on our cumulative
P&L's i.e. add up the EAT of last 6 quarters and
deduct $7 million from it = REAL CUMULATIVE profits.
which is probably a loss ....

(c) Why $7 million and not $10 million or $4 million

Because I am BLIND TO what Sigma will do in the
future - if anything - so I am arbitrarily taking
$7 million.

regards,
John
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