No; because LTR had been expensing it every FY (see below extracted from the half-year report) and I imagined they may (or not) start capitalising any further exploration cost for KV & amortise it over LOM once production commences whereas any other exploration activities will continue to be expense i.e. Buldania and other projects.
It appears I may be quite aggressive by assigning $37m on exploration cost in 1 year given they've only spent $3m for 6 months in this current FY.
If i were to - I'm inclined to revise exploration cost down; but we'll never know if LTR might go aggressive early on in sourcing new projects i.e. OLY, etc
LTR SP Prediction contest, page-272
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