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Monypit

05/19/11 11:47 PM

#34580 RE: kag_sfmi #34525

no problem. Just wanted to share info that I received.

They set the worth of the inventory as the cost to move it. As dirt and rock is dirt and rock, until value, which is man made or assigned, by processing out the minerals. Then the Au and Ag can be realized as Rev and Income.............. Nothing was moved down from the mountain in the winter, so inventory numbers didnt change from Dec to March end.

When the weather breaks and they start moving rocks and dirt down again, the next 10Q will show an increase.