Yes, indeed you would exclude WIP costs and other raw material stock piles as they are not of saleable value. $727 per tonne Sony and for a company ramping up. the other thing I noticed they have spent $5m on building upgrade and $89m on plant and another $50M on mine site costs. People forget that this $100m invested in assets will only improve operational performance going forward, not to mention dry storage. Balance sheet looks very strong and certainly cannot be compared to AJM that's for sure- it gives me confidence. Great financial report over all (CEO or no CEO)
Yes, indeed you would exclude WIP costs and other raw material...
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