high chance of not getting finance, page-5

bung5, we are talking total cost here. Including return of capital.


What you are referring to is cash operating cost.

What it boils down to is how much can each oz return to the shareholder and that is what matters.

You are basically the normal retail holder that gets sucked in when it comes to companies announcing cash costs.


The only flaw in using the above calculation is that royalty and tax is higher because of the said profits using a high gold price but certainly is offset once you consider admin costs, working capital and exploration costs that are not included

http://www.theaustralian.com.au/business/mining-energy/retail-investors-at-risk-as-miners-mislead-market-on-costs/story-e6frg9df-1226532485235


Newmont and barrick produce at ~1200$ total cost, while publishing much lower operating costs...
http://www.bloomberg.com/news/2013-04-16/gold-miners-approaching-1-300-pain-threshold.html

Some never learn.