FML focus minerals ltd

Ann: Intention to Restate the 2024 Half Year Financial Statements, page-4

  1. 2,076 Posts.
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    agreed, but these assets are then created and used after cessation of mining.


    if I'm mining a pit now with the purpose of extracting gold, but knowing in my mine plan that the pit will be used as a tsf, once mining is done in 18 months, should I be capitalising all costs of production for that whole 18 months? This is what the FML management have done.

    chatgpt: "you cannot typically capitalise all costs of production related to gold extraction. Most of these costs are expensed as incurred"

    thanks for playing champ


 
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