IVA inova resources limited
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costs

  1. woltage
    685 Posts.
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    02/07/13
    21:19
    Post #: 11956568
    Is anyone else having trouble deciphering IVA's report for March quarter?

    I've got

    Produced
    3461 t/cu
    4350 oz/gold
    giving
    4403 t/cu(equivalent) (roughly)

    Operating expenses
    $48.6 mill
    Total expenses
    $62 mill

    Equates to
    $62 mill/(4403*2200) = $6.40 total cost

    Yet they claim total costs of $4.13

    Anyone able to get the numbers to add up?

    TGS's report on the other hand is easy
    IVA Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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