>You can't just hold them up against the revenue from production to arrive at a cost per ounce figure.
Revenue has nothing to do with it so yes you are right. Please go and have another good read of my post.
Ok so If I only include the production costs then those costs are $8,140,000 which would be $35.19 per ounce but that's not how you work it out.
You MUST also include the other cash costs that are incurred to get a much clearer perspective of how financial the company is because they still have to outlay this money per month and it will still impact in it's profitability.
Cheers!
CCU Price at posting:
14.6¢ Sentiment: None Disclosure: Not Held
