I understand that to get the iron ore there has to be a road built however I was unaware that the cost to build the road would be part of the COST OF SALES. I would have thought it would be capitalised into the balance sheet under "MINE PROPERTY DEVELOPMENT".
I have seen the Accrued income. It's income owing but not invoiced. CR Sales DR Accrued income.
What exactly is the point you are trying to make? That the March quarter is going to be drastically different? Maybe, I don't know until I have a closer look however march quarter will be interesting, that's for sure.
As I said, I have not looked closely to the Report yet.
:) Nic
MOL Price at posting:
$1.00 Sentiment: Sell Disclosure: Not Held
