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15/03/21
18:52
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Originally posted by miningnut
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Yes we're going to have to agree to disagree here as you've got your interpretation and I've got mine and anyone else reading this will have to make up their own mind.
I would have thought that 'Capital Investments' means that these costs initially get capitalised to the Balance Sheet before being amortised except for the $6-7mil in exploration that they state is included in AISC.
The top line in Capital Investments 'General Operations' I interpret as being for new additional(not replacement) plant for current operations - so is capitalised.
The second line 'Pre-strip and CAPITALISED Mining' tells me it is for areas that are not currently in production, so gets CAPITALISED and is not in AISC.
And we are not in disagreement on the other two lines hopefully with the balance of Exploration that is not in AISC being capitalised.
But each to their own interpretation.
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This from 2020 actuals - showing sustaining capital incl in AISC so you are double counting (my opinion). I really don’t know how you can argue otherwise.