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Dwarves and Middle Earth, page-35

  1. 15,774 Posts.
    lightbulb Created with Sketch. 268
    Nothing wrong disagreeing
    Inventory reduction of 45 m (in same report you read ) capatailised expenses 46 m . There is most of your 122 m cash flow
    Cash costs of 79 dollars - read what it excludes and then you will surely get the picture . Excludes sustaining capital , royalties and many other real expenses. Add at least 15 dollars to c1 costs

    You boast about the 8 earnings per share last year but avoid mentioning the 24 c. Loss and 9c loss the year before
 
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