OTCQX:BGMZF - Post by User
Comment by
yaponskion Oct 02, 2013 12:16pm
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Post# 21784571
RE:RE:I forget who posted "all in cost"
RE:RE:I forget who posted "all in cost"cobalthead,
You say... "Hey mike..FC at the latest conference stated all in cost is $780 per oz...I don't know how accurate that figure is..."
Well, I ask you, or FC or one of the excellent IR staff BGM pays around the office to point out a single quarterly report that showed anything close to an all in cost of $780 per oz. Every quarter that I remember had bottom line losses which means it is impossible to have an all in cost below the price of gold.
When someone in the industry says "all in cost" it has to mean all in. Obviously if FC quoted 780 per ounce then he was fiddling with the financial sheet -- e.g. well we don't count that exploration cost as part of the all in cost because it would make the all in number look scary.... or what ever the rational.
Just saying that BGM and all in cost is a scary picture IF YOU COMPUTE THE NUMBERS from the quarterly financial reports.
Bigbab, you are a spreadsheet wizard. Perhaps you could run a small spreadsheet on all in costs for the quarters with production over say the last 3 years and share the same numbers here? In fact, I put this challenge to any of the pumpers out there... show us an all in cost figure that is less than say 1500 based on a quarterly report. You can't do it.