Pacific Gold Corp fka PCFG

[TNP]

Here is the definition from Newmont Mining Corporation (NEM)
I am assuming that this is a financial standard for reporting


This excerpt taken from the NEM 10-K filed Feb 19, 2009.
Precious Metals Inventory

Precious metals inventories include gold doré and/or gold bullion. Precious metals that result from the Company’s mining and processing activities are valued at the average cost of the respective in-process inventories incurred prior to the refining process, plus applicable refining costs.