where to now!, page-16

Dartboard,
Total cash costs(after Ag credit) are 53c for the Sept qtr on my example this compares to 55.4c for the June qtr and 46.3c for the March qtr.(as per June qtr report).
Total cash costs include smelting,refining & realisation costs of 13c plus other cash costs of 60c less 20c silver credit.
The term 'total cash costs' is AVM's not mine.
Under Canadian reporting guidelines,this term is referred to as 'Cash cost(C1)'.
Under Canadian reporting guidelines,the term 'Total cost(C3)' includes 'Cash cost(C1)' plus other costs such as DRC govt Admin fee,net smelter royalty,interest payable and deprec/amort which from my example amount to 18.4c/lb to give a 'Total cost(C3)' of 71.4c. It wouldn't include contingency or Head Office costs.
It would surprise me if costs were lower for the Sept qtr given the problems of their mining contractor going broke in June and the additional costs in gearing up for Stage11.
I would imagine that AVM will realign their cash cost terms in the Sept qtr to fall into line with Canadian reporting requirements.
Turnover has collapsed today as nobody is willing to sell under 65c so the big buyers have gone on holidays to see how far the shareprice will drift back.