sp "Payments for production of that silver was $6.036 million"
Not true. Total production costs were $6m, which includes mining, crushing and loading up the leach pads with far more silver than there was at the beginning of the qtr. So there is much more silver in work in progress than at March 31st.
We'll only know the actual production cost/oz when it is in a steady state - or, at least, at a steadier state than it is now.
Allocating costs per oz produced with four batches running at various stages all the time is very difficult.
AYN Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held
