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
- Forums
- Commodities
- GOLD
- The state of gold
The state of gold, page-484
-
- There are more pages in this discussion • 1,272 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O’Donovan, Executive Director
Gerard O’Donovan
Executive Director
SPONSORED BY The Market Online