Financials will tell the truthGOLD = $1470 CAN
ALL IN = $1182 CAN
Profit $288 per ounce.
Even with dismal 10 000 oz this quarter (only 3/4 of reduced expected or 3/5 of "projected" that is $2.88 Million dollars. We should all expect balance sheet to increase by $1 million per month or their numbers should be considered suspect.
Let's see if the financials reflect the same "ALL IN" that they are claiming.
Is ALL IN, ALL IN or just special selected costs? Shareholders will see in the next month.
MTO accounting is not interesting in real business asset calculation but new shareholder optics.
There is only one reason an owner would not want to know the real profit/loss and that is because they are not invested, if they were it would be quite important to know the real profit.
ALL IN should include sandstorm 20%, management compensation, maintenance, loan repay, debenture repayments, capital costs, currency FX, Pumper pay...etc.
