FourDollars you are correct the projected September quarterly costs are alarming . CCU needs to clarify why the projected quarterly cost for this quarter is so high.
They need to clarify what are the Production and development costs totalling of the financial report around $15m , as to why are they so high, especially when the production costs equate to around $15 oz ( based on my calculation of $8m production costs and 600,000 oz's produced) on the production and sale of 600,000 oz's of silver.
Other wise you are correct , even if we assume that they produced in total 600,000 oz's of which 180,000 is sold at $29 = $5,220m plus the rest at 420,000 at $20 = $ 8.4m. Total revenue $13.42m plus cash at bank $6m =$19.42m.
Whilst there is a slight difference in our respective calculations , I would still want further clarity on why this quarters cost was a much higher cost than the precious quarterly cost , as to me it is implying that their are more capital costs that have not been clarified before.
Guys am I missing something?
thought we had 12 months ..., page-12
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