Q1 $.16 U.S. = $.20 CDN TCM at $.54 CDNThis reporting of non-cash items under GAAP are screwing everyone. Now the pendulum is swinging the other way, CDN dollar rising. The TRUE figure is $.09 U.S. = $.115 CDN or $.46 CDN per year. At 8 times earnings that should mean $3.68 per share, about TCM's book value. Oh, I forgot, they should have zero debt!! Too many short term thinkers here. Scotia Capital says TCM should be $.10. Who is their analyst??