RE: RE: RE: RE: Whither Gold tonig, "Are they finally producing or what? "
Armistice Inventories
(31 Dec 2012 Quarterly, dated 14 Feb 2013)
Item 5:
INVENTORIES
DECEMBER 31 June 30
2012 2012
Gold in process $ 508,849 $ 627,230
$ 508,849 $ 627,230
Gold concentrate inventory estimate based on price of gold as at December 31, 2012 and reduced by
processing costs not yet incurred.
- 8
$508,849 /1600 = 318 oz or
Maybe $1200 Costs, $508,849 / 400 = 1272 oz
In the fiscal second quarter, the Company’s received its first recovery from gold
sales of $198,973. At the end of the fiscal 2013 second quarter, Armistice had gold inventories amounting to $508,849.
Cheers, Mark