CDU 0.00% 23.5¢ cudeco limited

Ann: Hong Kong Dual Listing, page-294

  1. 3,053 Posts.
    lightbulb Created with Sketch. 2
    If CDU are using IFRIC20 to capitalise their waste stripping, then all you would be able to infer from that data is that 866065 tonnes of 'ore' cost ~$8.7m to dig up, or about $10/t. That's because IFRIC20 allows you to capitalise the cost of waste stripping into a separate asset which you then depreciate - that asset never touches the inventory cost on the balance sheet.

    CDU haven't released enough information to make even a reasonable guestimate of mining costs, let alone an estimate to four significant figures!!
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.