Good post
When you get into the detail in can get murky, especially around how deferred stripping is recognised, plus the % of index price received can change markedly for the lower grade producers. Presumably the last point is what Blackrock - with their army of industry leading analysts - thinks, if it's too messy for them it's hard to argue
But that is an aside, I was more surprised by Mike's high-handed comment that investors should be able to read balance sheets if they are to buy shares. That was out there.
Good postWhen you get into the detail in can get murky,...
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