Well I tried to call attention to it earlier and only one person picked up on it so I guess I need to follow through.
3Q 2011 10-Q they reported having $55,599 in metals inventory and stockpiled ore. Year End 2011 10-K they reported having $288,982 in metals inventory and stockpiled ore.
3Q 2011 10-Q they reported approximately a 12,000cy stockpile of gravel to be screened for gold. Year End 2011 10-K they reported approximately a 27,600cy stockpile to be screened for gold.
These are the reported facts!
Because so many around here like to selectively use round numbers, let's do it now. 2x the size of the stockpile equals 5x the inventory value quarter over quarter?
Can anyone explain this anomaly? Can inventory that's valued at $4.63 p/cy one quarter be valued at $10.47 p/cy the next? Hmmmmmmm this math doesn't quite work does it? So what is it, what's the difference?
