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17/11/16
13:01
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Originally posted by oxxa23
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Really hard to know exactly summer, and I'm sure many companies report differently in their cost of goods sold... my best guess says it would include plant operation staff and utilities etc, but not things like admin and management wages, insurances and other general overheads not plant related...
They scratch their own dirt from their own mines... i say scratch as I think most of it is on the surface from memory, they don't really have to dig for it...
Tim will know of top of his head, but, own a couple and lease a couple at $1 per tonne royalty... so no big outlays coming.... other than they don't have an identified resource size on most of these... so some testing will be needed to be done...
For time being, there is a stock pile from phase 1 which will be used for phase two...
But, to be proactive and allow for expansion they will need to get cracking on some more dirt eventually...
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Thanks,that explain a lot,I can see the huge pile of red dirt on those pictures everywhere.Assuming those are the dirt they need to scratch.
I can live with 5c next Christmas,a profit is a profit.