RE:earnings /losses,, um, negative earnings are out
Loss is mainly due to Alderon which doesn't bother me as this is a non cash event just giving some tax credit I guess (no canadian tax expert).
What is important in my eyes is that the royalties are aorund my expected number of 28mio a year.
The share price is lower than it was before the deal was announced last Christmas... Of course Alderon does hurt and was not expected to work out that way but thinking in terms of 10 years I think there will be higher iron ore prices and as soon as there are Kami will be built.
Given the number of other projects (pointing out Julienne Lake and Chile) and the regular cash flow this is a company I am quite comfortable to put my money in and wheater the storm. :-)
Just my personal thoughts. DYODD
carinthian