TSXV:INCA.H - Post by User
Post by
paulindoonon Sep 19, 2018 10:40am
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Post# 28646588
How can Aug Au of 1513 be termed “approximate”
How can Aug Au of 1513 be termed “approximate”I was intrigued when in the NR I read re Aug production of 1513 ozs Au, but it was revered to as “approximately”? So reached out to Konstantinos ( ktsakumis@incaone.com ) & asked. He promptly replied thus solving the “mystery” per:
The company measures and keep track of all porduction stats to two decimal point. In this case, the processed tonnes was just under 1513 and was rounded up.
It sounds odd I understand but it is just how the company measures its production historically. When dealing with ounces of gold, the metrics add up over the course of a longer period of time.