The financialstatementshouldincludea balance sheet, income statement, andcashflowstatement for many historicalperiod of operation as well as for the period of projectedoperation.
Despite having an equal stake in the project, and other assets than Galore Creek, shares of NovaGold fell so dramatically because, Lostritto said, none of its assets have reached commercial production, thus leaving investors to value its share price on the basis of projectedcashflow.
Also found in the documents are numerous references to the constant concern of White House staffers over the projected cash-flow problem of the Democratic National Committee.
Chancellor Media Corp. (46, AMFM), a leveraged radio property, sells at 20 times projected free cashflow(cash flow minus necessary capital spending), while Clear Channel Communications, lightly leveraged, sells north of 30 times free cashflow.