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Originally posted by zog
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Very interesting observations. OMI there is a legitimate reason for treating stock movements differently. When mining the ore is placed in stockpiles which are then processed. Often the stockpiled ore is not processed in the same period as it is mined. Consequently the mining cost for ore to be processed in one period needs to be carried over to the next period or vice versa. That way costs are fairly appropriated to a period relevant to production. However as you say $218/ozs is a large amount and needs explanation (best to do that at the 2014 AGM) and if not provided should be treated with suspicion.
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Great summary Zog and thanks for taking the time to ho through specifics for readers. I am ex- Integra shareholder and have held/traded SLR over the years. The crown fell off Les Davis during the Murchison debacle and the board movements and mill divestment of recent times does have a certain smell about it.
