Summary of Consolidated Operations
for the year ended December 31, 1977

fewer et 7) De es E
Cassiar Clinton Subsidiary
__ Total _Mine  __ Mine -_ Company

REVENUE:
Asbestos fibre sales $115,077,217 $61,320,554 $53,756,663

EXPENSES:
Cost of sales 63,153,448 38,685,876 24,467,572
Transportation to Vancouver and warehousing 14,832,870 6,545,081 8,287,789
Administration, interest, selling and general 5,514,561 3,062,058 2,801,174 $ (348,671)

Exploration 404,942 204,789 200,153

83,905,821 48,497,804 35,756,688 (348,671)

Income before income taxes $.31/171,396 7 $12;8227750) Sili7;999'97 5s Sis 4S Oval

1 TIRYAS)

Cassiar Clinton Subsidiary
_ Mine Mine _Company |

REVENUE:
Asbestos fibre sales $78,285,544 $33,704,003 $44,581,541

Other sales 1,492) 777. $ 1,492,777

79,778,321 _ 33,704,003 44,581,541 1,492,777

EXPENSES:
Cost of sales 45,188,114 24 533,649 19,475,449 1,179,016
Transportation to Vancouver and warehousing Wl, 58-652 3,926,620 1655/0832
Administration, interest, selling and general 5,733,644 24056: 2716 2,885,709 791,659

Exploration 279,491 79,642 199,849

62,782,901 30,596,187 30,216,039 __ 1,970,675

$16,995,420 $ 3,107,816 $14,365,502 $ (477,898)