Slate Grocery REIT T.SGR

RE: KING OF BS

[hydra100]

COMPARE THE KING OF BS TO WHAT IS ON SEDAR

LIES LIES AND MORE DAM LIES.  NOT BIASED JUST A LIAR.

IF SGR IS ANY GOOD AT ALL THEN NO NEED TO LIE ABOUT IT. 

The Company recognized revenue of $13.9 MM for the quarter and $40.5 MM for the year to date. The result was

income from operations of $4.1 MM, which is a significant improvement over the prior quarter’s loss of $2.0 MM and

an income of
.2 MM in the same quarter last year. The operating loss on a year to date basis is
.3 MM which

compares favourably to last year’s cumulative loss of $10.7 MM to this point. The comprehensive loss from

operations for the quarter was $4.6 MM and $12.9 MM for the YTD in comparison to a loss of $5.0 MM in the same

quarter of the prior year and $24.3 MM for the prior YTD. In cash terms, the quarter generated a significant operating

contribution before non-cash items and exploration and general and administrative expenses. Operating profit margin

(please see discussion of Non-GAAP Financial Measures) per ounce is calculated as $508 at the Hinge mine and an

operating loss per ounce of $174 at Rice Lake. Cash cost per ounce at the Hinge was $828 and $131 per ton, cash

cost at Rice Lake was $1,510 per ounce and $276 per ton. In total this meant the overall cash cost was $1,080 per

ounce and $180 per ton. (Please see discussion on Non-GAAP financial measures for a detailed calculation and

reconciliation of these figures to our GAAP financial statements). The operations at the Hinge demonstrate better

economic viability in the short term than the deeper historical Rice Lake mine