ANW 0.00% 0.1¢ aus tin mining ltd

Ann: Half Yearly Report and Accounts, page-10

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  1. 370 Posts.
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    I'll give a complete breakdown:

    Ore Stockpiles: $530,000
    Employment and Labour Expenses: $296,657
    Chemicals and Consumables: $20,653
    Earthmoving: $55,471
    Laboratory Expenses: $45,963
    Ore Processing: 99,685
    Total = $1,048,429

    Less production costs in 2018 FY so far: $34,194, that gives us the total inventories of $1,014,235

    2016 FY
    https://hotcopper.com.au/data/attachments/1471/1471331-04637cc036b4bc6d1f89141ac15857b2.jpg
    https://hotcopper.com.au/data/attachments/1471/1471333-f5d0073768b47771409863e84ba46bb2.jpg

    2017 FY
    https://hotcopper.com.au/data/attachments/1471/1471338-0956a5e189f23e1727abb24b8488d5a6.jpg
    https://hotcopper.com.au/data/attachments/1471/1471340-3781880985721e1731f001566fd0ed57.jpg
    (Note 28 is pretty much Note 27 in the 2016 Annual report)

    2018 FY
    https://hotcopper.com.au/data/attachments/1471/1471343-c8bb5524d9113de068a7f5d42201ea46.jpg

    Now that gives us the question, what is the $34,194 cost of sales including?
    It is directly expensed from inventories but it doesn't specifically say what % is from each inventory item. This cost was directly attributable to the 5 tonne sale as shown below:
    https://hotcopper.com.au/data/attachments/1471/1471564-4c90fffaa12d4c43fc0737ea1ab11b47.jpg
    It also keeps confusing me as to how we only got $61,511 for 5 tonnes shipped. I don't know much about the selling of concentrate so i'm hoping someone can shed some light on it. Say tin was $20,000 per tonne and we had 80% concentrate, does this mean we get $16,000 per tonne or is there some threshold where any % above an amount is $20,000 per tonne?
 
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