C7A 0.00% 0.7¢ clara resources australia ltd

Near term multi bagger and tin producer, page-353

  1. 210 Posts.
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    I don't think they would make a mistake, particularly with BDO auditing it too. Also, I'm just trying to suss it out rather as to satisfy my curiosity.

    The costs are written confusingly.
    Is the opening inventory, $530,000, their costs? What they paid for it? If yes, how come it's in their 2016 costs too? Is it the as for 2016/17 FY? Also, it should be placed in brackets as negative.
    The closing inventory would then make sense as a total of 2017 expenses on their production + price of opening inventory. Calculating their costs per ton, it makes about 58t of the concentrate.

    MB
 
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