Sam, In spite of the typo, I got a similar AISC yesterday. Admin...

Sam, In spite of the typo, I got a similar AISC yesterday. Admin charges are expensed into AISC. Some of them, like wages etc may be paid in arrears. However these shouldn't affect costs. What I mean is that whilst some expenses likes wages were earned in the previous qtr and paid after 30th Sep, there would have been some paid after June 30th For previous qtr, so they should IN MOST CASES balance each other out. (Exceptions: when 5 Fridays in month sort of thing).

The only real cost that I don't know how it's paid is Royalties. Are they paid weekly, monthly annually or whatever. If they are paid every six months say, we could have a double dose this qtr. There have been qtrs where it's hard to fathom where the cash went, and this could be the case. Royalties are $120/oz, if memory serves me. That would bring the total AISC to $1040. That cost FEELs better. The low $900s seems too low to me.