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Ann: CENTURY OPERATIONS AGAIN DELIVER RECORD METAL PRODUCTION, page-122

  1. 5,336 Posts.
    lightbulb Created with Sketch. 66
    Using Dec Qtr as example, have got a question;
    does that have C1's shown without TC (not standard), but picks Tc's up in net revenue (so all good)... then I take the 64c and add the 27c to get to the 91c C1, this is back calculated to match mid range guidance? if so, with payability already included in that C1 guidance, as C1's are quoted on payable metal basis, therefore the 15% payability deduction is essentially being applied twice by hitting the revenue and also decreasing the denominator of the assumed C1

    btw, nice approach to qtrly breakdown
 
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