Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:RE:RE:[Cost of Transporting BL ore]

[yaponski]

Haha...nice one...and nope...my own dd...
Hey, your $2000 all-in...are you including the Exploration costs for the last 20 years for the entire property by chance...?
All-in costs for BL, as per the 2010 feasability, were in the 500's...revently FC stated 900...Snowden noted that expenses have risen a mere %10 since 2010...so likely somewhere in-between...

Explorations costs of the entire project will likely be covered in the first few months of COW production...so the better question is around operational costs for the BL production run...and how this will enhance cash flow....

boss,
I calcuate all-in costs on the basis of the quarterly financial reports, namely the top line revenue and the bottom line net income numbers.  

So sure if there are one time exploration charges for that quarter then I also count them implicitly that one time :)
 

Top line revenue and bottom line net is a beautiful way of looking at things IMO.  If exploration charges go down in future quarters than the all in cost estimates will also go down in future quarters. I take a very much show me attitude and tend not to listen to what mining CEOs / CFOs are trying to tell me.

What I most want to guard against in general is use of exploration funds to cross subsudies develoment and production costs. It happens in the industry. But if you look at the top line revenue, bottom line net, the gold ounces produced  in the quarter and the average price of gold in the quarter you all of a sudden see exactly who is making money and who isn't.

What I always found most interesting in BGM's financials is that I believe the biggest net losses occurred in the quarters with production. And this was at times when the POG was north of $1500. So, I find it very hard to believe stories from the BBoS that production costs are $700 or $9i00 per ounce. 

Just saying, what you see depends on how you look.

So tell me Boss, do you expect BGM to file 2014 full year financials with a small profit or will it be another year with a net loss?