Slate Grocery REIT T.SGR

Primary Symbol: T.SGR.UN Alternate Symbol(s): SRRTF

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Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties. The REIT has a portfolio that spans 15.2 million square feet of GLA and consists of 116 critical real estate properties located in the United States of America. The REIT owns and operates real estate infrastructure across United States metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, Hocking Valley Mall, North Lake Commons, Eastpointe Shopping Center, Flower Mound Crossing, North Augusta Plaza, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.

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Slate Grocery REIT

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Post by hydra100on Nov 13, 2010 3:16pm

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Post# 17702788

COST PER OUNCE

From page 16 of M/A dated Nov12/10 on Se.

Gold came from two sources, Hinge and Rice Lake mine.

Sold gold at average price of $1336

Cost of producing from Hinge was $828 for profit of $508/ounce.
Cost of producing from Rice Lake was $1510 for a loss of $174/ounce.

Now as Dale states on page 16 you combine the two and get a $256 profit,.

Now folks figure that one out. Should not have been using ore from Rice Lake at all in my opinion. Page 15,

Tons from Hinge was 49851 for 7918 ounces
Tons from Rice Lake was 25412 for 4650 ounces.

Something very wrong here.

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