RE:RE:RE:Here ya go Collins et al!Actually disregard what I wrote below. It isn't correct. NDCC does take into account all Mining, Processing and Refining (MPR) costs. What we have been calling C2 costs which are not included are the cost of sales and the cost of the technology group not directly linked to the Moa operation. I'll try to update my original post tomorrow with the correct incremental costs.
Plus you have to add C2 cost as those a real cash costs.
Yes, I agree and I said that in my initial post. Mining, Processing and Refining costs (C2 costs) were an incremental 26 cents per pound in Q4 2020 but an incremental 73 cents per pound over the course of 2020. As I said, this will reduce cash flow. If we use the mean of those two numbers or 50 cents on 36.4 million pounds just for representations sake that is about a $18m cash flow reduction. Investors can adjust higher or lower depending upon their view of the situation and a more detailed review of the historic experience which I have yet to do.