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clock Created with Sketch. 25/08/22
12:58
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Originally posted by Zardoz:
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When you put a stockpile on your balance sheet as an asset there is a judgement about how much cost to allocate to it. Once that is done there is a secondary process where you must make sure that assets are not overvalued (will return the value assigned to them). This should happen monthly with a crack management team and not be done periodically like this. This write-down is saying that they weren't worth what cost were assigned to them, so have to be written down to the current estimate of how much costs will be recovered when processed.
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Could also be rising costs changing processing costs no?
(20min delay)