It's pretty simple.
They have now processed all the stockpiles.
And they sold some bullion.
By the way, TBR annual report incorporates RND figures as well.
So , that $200 million inventories includes $70 million RND as well
So $130million is TBR inventory. At cost.
somewhere around 70,000-80,000 ounces of gold at the pert mint, I am thinking.
Ann: Annual Report to Shareholders, page-4
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