costs per sign, page-6

It is a bit dangerous bringing in costs if you haven't seen the contracts.

Maintenance and operating costs may well be borne by the company who uses the screens, who knows?

There may be other clauses we don't know of.

While some screens are of the Barcelona type (120 sq m) and giving "net" revenue of $800,000 each (thus that could be after subtracting of maintenance and operational costs), many others could be 300 sq m or more. (The 300 sq m would produce about $2.5 mil. in net revenue, but that could change).

Therefore, LUM is vitally interested in the size of screens and its location.

So, if someone asks me what it it is worth after tax per screen (they won't be paying tax this year, I think-tax losses available and high depreciation rates), I keep my mouth shut for the time being.

LUM has a habit of "dropping" useful numbers and I feel that we do need more screens put up before I can assess it more clearly.

Now, one could invest later on but chances are that one will pay more; so there is a risk there; I am confident that management will deliver the goods IMHO.

Gerry