"For eg I see that James is reclassifying a lot of the capital costs as an AISC expenses rather than amortisation over the expected life of the equipment, also keep in mind that lot of the one-off capital items were funded in the last 6 months won’t be repeated for years to come. Interesting accounting method! "
Inputting an expense in current year as R&M rather than CAPEX amortised over many years means you reduce your tax bill coming up as you had more expenses , so you have more working capital money available - long term underlying profit is more relevant than statutory profit how many miners amortise exploration costs for ore that is getting processed within a year ?
Makes the AISC look lower per oz for investors
Pretty sure you would have known that as an accountant.
Couple of other good things happening at Plutonic I hear
CYL Price at posting:
50.0¢ Sentiment: None Disclosure: Not Held
(20min delay)