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9,759 Posts.
3461
05/03/15
18:45
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nothing wrong with base metal credits - but you are missing the point
AMI is saying its 50kozpa gold eq LOM output but also saying its cash costs are $380/oz with credits
wel thats doubling up
either its producing (for argument sake i dont know exact number) 35kozpa gold at 380/oz or its producing 50koz pa at whatever the normal cost base
you can only use the base metals at revenue line or cost line - not both or you are double counting
its an old trick miners use to baffle retail investors