OTCQX:BGMZF - Post by User
Comment by
billioncoinon Nov 22, 2014 12:43am
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Post# 23154542
RE:originally built by Kinross Gold Corp for $40 million/$34.5
RE:originally built by Kinross Gold Corp for $40 million/$34.5 The land and plant can be used as an asset. It was bought for 40mil in 2005 and additional 34.5mil were spent on upgrades. The plant depreciates over time (reduces in value). This land and plant will be worth a different price today. Current price of the plant and land is already included in the companys assets which you can find in the balance sheet.