Remember this little mining earnings rule of thumb from last week’s post on GRS?
If you can’t easily find the net earnings number in a mining company’s quarterly earnings NR, you can safely bet said quarter was a crockacrap.
“The Company had a net loss of $17.9 million in the third quarter of 2010 compared to $11.8 million in the third quarter of 2009.”
Mon Dieu! Quel surprise! So let’s leave it to Elmer Fudd this time: