Cameo Industries Corp - Ordinary Shares V.CRU

Primary Symbol: CRUUF

Metals & Mining Industrial Metals & Minerals

Cameo Industries Corp is mainly engaged in the business of exploring and developing mineral properties. Its projects comprise of Willa Project, Carrizal Cobalt Project, Montreal Cobalt Project and Big Mac gold project among others.

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Cameo Industries Corp - Ordinary Shares

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Comment by mtsuiton Apr 18, 2008 8:33pm

132 Views

Post# 14987553

RE: Nalunaq 2008: Pretty stable at 80-90koz!

The numbers in the presentation show 100% of mine production in those years. Financial statements reflected only Crew's ownership of 82.5% until 11/1/07.

From the 2005 annual report:

"The consolidated financial statements include the accounts of the Company and its

subsidiaries, and a proportionate share of joint ventures in which Crew has an interest."

If your numbers are 82.5% then they are close to the presentation data.

I think Crew also reports ounces mined and ounces recovered/sold. Naturally ounces mined is a little bit higher.

The numbers in the presentation were also calculated for calendar years. Until 6/30/06 Crew operated with a June 30 FYE. Then it had a 6 month YE 12/31/06 and in 2007 shifted fiscal year to match calendar year. That just makes it difficult to double-check your numbers.