AndrewS Thanks for sending that image through. I can see now what the issue is: although the Calculator will allow you to call a new channel a name starting with a number, you won't be able to use that channel in subsequent calculations.
Your current code looks something like:
208c = Pb208_CPS - (Th232*0.37)
208c/206 = 208c / Pb206_CPS
You should give the following a try:
Pb208c = Pb208_CPS - (Th232*0.37)
Pb208c/Pb206 = Pb208c / Pb206_CPS
Please let us know how it goes.
-Bence