Going thru june cash flow report,
FY11 expense break up
-------------------
#. exploration: 23.6m
#. development: 16.5m
#. production: 67.8m
#. admin: 4.4m
#. royalties: 2.2m
FY11 total cost/oz
------------------
Gold produced: 72koz
Total cost (prod+admin+royalty) = 67.8+4.4+2.2 = 74.4
Totalcost/oz = 74.4m/72k= 1033/oz
FY11 Resource/reserve increase
------------------------------
Resource increased from 2m to 2.25m oz (as per last update)
Reserves increased from 207k to 248k oz
FY11 FML spent 40m on exploration and dev during FY11
Just curious whats the output of this investment apart from resource and reserve upgrade?
a question regarding fy11 expenses
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