frustrated, page-46

hi all,

I haven't got a reply from Neil yet - but this bit (at bottom) tells us a lot.
By this if I have got what you are saying dj - if I am right, it looks like they are treating it differently - at least $8.5m anyway.

That does make it look different, if my maths is correct (and not better either).Hmmmm, that would make us both right and wrong.

Well, depending on how one views completing the decline - whether you call it exploration or mining or development - I think there was gold in it from memory - personally I would call it development - but I guess you could arm wrestle about that for days :)

".........and $11.8 million of exploration expenditure.
Exploration expenditure in the Quarter included $8.5m attributable to the completion of the exploration decline and cross cut development at the Mount Project."

http://asx.com.au/asxpdf/20110729/pdf/4202qtkjx83nlg.pdf

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