CDU 0.00% 23.5¢ cudeco limited

If CDU are using IFRIC20 to capitalise their waste stripping,...

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  1. 3,053 Posts.
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    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!!
 
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