The quarterly was legal, just misleading, misleading to quote cash cost and not total cost, misleading to quote wmt for production but dmt for prices. I don't take into account improvements that management promise but haven't delivered yet, since most of them don't get delivered at the end.
If you are interested, have a look at SLR quarterly, they are much more honest and detail their cash cost, cash operating cost and "all-in sustaining cost" in the same table. Useful as a reference. All mining companies should do quarterly this way:
http://www.asx.com.au/asxpdf/20130422/pdf/42fcxzh3tdmbkt.pdf
- Forums
- ASX - By Stock
- aud to hit $ us85c
The quarterly was legal, just misleading, misleading to quote...
-
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus