RE: RE: Let's put the guaranteed gold delivery debLet's make this as simple as possible,
From how I read it FIU puts everything but the kitchen sink in COS.
So if you look at their total ounces sold you see 12,893 less FN's cut of 5212 you have 7681 that FIU sold
Now go to their revenue from gold sold 11,682K add to that proceeds received from FN of 2,096 it comes to
14,078,000.
Now look at their cost of sales for gold and uranium it's 20,751,000 divide that by total gold 12,893 it's 1,609
Now look at their cost of sales to the FN portion, it's 11,392,000 if you divide that by total gold you get, 929.00
That is the amount they are claiming it cost for their portion and that is the new international way, the gold they transferred is accounted for at the total market cost.
Now take the TOTAL of the two excluding Amort.. 32,143,000. divide that by the 12,893 you get...2,493 per ounce...Now don;t forget you have to amortize that and some other stuff but do you see where the high cost is from?
Had they not sent all that gold to Ezulwini their cost would have been roughly 1721.00 and that includes sending 7% to FN This is why the costs drop significantly after January... 1700 is still really expensive but included in that are the charges for the repairs to the shafts, and apparently they really increased the amount of supplies to return to the old way of mining...
A $hitload of lunber and the like for support. All thos e costs wiere more than likely added to the mix.
This is how I have read those numbers, the 1700 still sucks but it's a lot less than the 2500 they are presently claiming.
Also if they really start improving on the actual gold recovered (yeah we've heard that before) well teh cost of the gold will drop significantly I presume...
Hope this helps.
Just don't ask me anything more about this do some research on your own, you will learn a thing or two that way...