| Income Statement for Polymet Mining Corp. (POM:CA) | | | | | | | Income | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Operating Revenue | 0 | 0 | 0 | 0 | 0 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | - | (10,399) | (12,654) | (2,013) | (121) | | Gross Operating Profit | - | (10,399) | (12,654) | (2,013) | (121) | | | Selling/General/Admin Expense | (4,360) | (10,543) | (5,888) | (2,756) | (381) | | Research & Development | N/A | N/A | N/A | N/A | N/A | | EBITDA | (4,360) | (20,942) | (18,542) | (4,769) | (502) | | Depreciation & Amortization | (56) | (8) | (5) | (2) | (0) | | EBIT | (4,416) | (20,950) | (18,547) | (4,772) | (503) | | Interest Income | 1,173 | 503 | 168 | 3 | - | | Other Income, Net | (461) | (591) | 252 | 85 | - | | Total Income Avail For Interest Expense | (3,704) | (21,038) | (18,126) | (4,684) | (194) | | Interest Expense | - | - | - | - | (1) | | Pre-Tax Income | (3,704) | (21,038) | (18,126) | (4,684) | (194) | | Income Taxes | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (3,705) | (21,038) | (18,126) | (4,684) | (194) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (3,705) | (21,038) | (18,126) | (4,684) | (194) | | | Normalized Income | (3,705) | (21,038) | (18,126) | (4,684) | (503) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | 309 | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (3,705) | (21,038) | (18,126) | (4,684) | (194) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.03 | -0.19 | -0.25 | -0.09 | 0.00 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.03 | -0.19 | -0.25 | -0.09 | 0.00 | | | Diluted EPS from Continuing Operations | -0.03 | -0.19 | -0.25 | -0.09 | 0.00 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.03 | -0.19 | -0.25 | -0.09 | 0.00 | | | |
