re:: a serious discussion on fxr, page-7

Depn & Ammort based on mine life, being the ore RESERVE not resource.

From memory only 3.5 year reserve. Look at the WDV of P&E in the FY07 accounts. This balance has to be written off over 3.5yrs if they dont increase ore reserves in this time.

This company will only recoup YTD accumulated losses ($32m approx) with a miracle!

Tricom know this and (btw they know the metrics imho better than anyone else due to their part in the capital raising and the option underwriting - i.e. they know it 'inside out'..lol)

My humble advice is to try financial metrics on steady state operations with 5-10yr mine life with known grades etc or try utilities.

Hope for exploration success and the irrational exuberance a few drill holes can produce...