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Re: Rusirius post# 19443

Monday, 04/14/2014 5:03:38 PM

Monday, April 14, 2014 5:03:38 PM

Post# of 24294
It is part of the game that miners play to appear profitable or better off than they are in reality. The only number that matters is all in (sustaining) cash costs, which lode does not report. (You can figure it out by reading the filings with the info in the link from my previous post). I estimate they are $1300-1500+ for lode. Cash cost per oz can be calculated in so many different ways and games are played to dress it up so that it is essentially a meaningless metric used to pump stock and is worthless for an apples to apples comparison. Despite this only a few (a gradually increasing number) including major mining companies report the real numbers and make it somewhat easy to figure it out.

I imagine "costs applicable to mining" was a number that looked better than their cash costs or their all-in sustaining number. The problem with every miner self determining how to report this stuff and having no common reporting is that this number might be disingenuous or very disingenuous. I have never heard of "costs applicable to mining" either and you would have to ask lode for the specifics but I feel based on the phrasing that you are correct and "mining" may very well exclude processing, admin, and royalties.
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