Ann: Trading Halt, page-47

Gee Plough give me a break I'm tiring of you displaying your knowledge and taking pot shots at management and other posters from the sidelines.

My American friend often tells procrastinators to S**t or get off the pot.

Lucky I'm not like that and aren't enjoying doing what I'm supposed to be doing.

I should let your barbed questions go through to the keeper but happy to pass on a bit of insight into why those questions are a waste of my time if you want to take the time to listen.

Can I suggest you stop ploughing through a lot of waffle and focus on whats important and meaningful.

Have a look at my spread sheet if you understand such things.

After a few years of getting badly mislead I give AISC a big swerve because it treats precious metal credits as a negative cost and they vary to buggery from one blast to the next. OZ minerals often recorded a negative ASIC which just goes to show what a nonsense measure of cost it is.

The measure of costs you would be advised to focus on are:
(1) the cost per tonne of ore for:
* mining
*processing .
(2) the cost per tonne of main metal for:
* transport and shipping ( concentrate grade is relatively constant )
* treatment and refining
* general and administration (if you could dissect this cost some or most of it probably relates to volume of ore processed).
(3) NST for royalties

I use the copper price that is received for the copper.

If its hedged I use the net price less the hedging margin which is the price the company discloses they are hedged at.

I use the au price that is received.

I neglect the silver because it pays for what falls off the truck.

If anyone who takes the time to read this can point me in a more accurate direction I'm all ears.