OZL 0.00% $26.44 oz minerals limited

Kennethgalbraith,The way i read it is the 8c is NOT included in...

  1. 2,842 Posts.
    Kennethgalbraith,

    The way i read it is the 8c is NOT included in the 63c cash costs...Why? For accounting purposes the pre-strip is capex so is amortarised over the remaining life of the mine ie out to 2015.

    So the real costs are 71c...hey i might be wrong and happy to, but that will take the pre-strip to final stage 5 and finish it..

    Then the costs of mining will fall from 2010 all thru til 2015. LOM costs are actually 52usc/lb til 2015.

    Hope this helps
    Muzza

 
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