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Re: gharma post# 1845

Friday, 01/24/2014 12:15:44 AM

Friday, January 24, 2014 12:15:44 AM

Post# of 1893
Thaks Gharma. I am well aware of that, but a good idea to make sure all are. AISC "it does not include capital expenditures attributable to development projects or mine expansions, exploration and evaluation costs attributable to growth projects, income tax payments and financing costs. In addition, the calculation of all-in sustaining costs does not include depreciation and depletion expense as it does not reflect the impact of expenditures incurred in prior
periods.". AISC does give one the ability to compare apples to apples though.
Also, the increase in production projected should decrease the effect of the additional items that you mention, and the increase is probably already figured in on the increase in tax estimate.

As for the financing. It is a good idea to have as much cash available as possible in todays market if it is on good terms.
My thinking is they will fast track Grey Fox to production.
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