newbie
Shady Merv & I go back a long way together. @Shady Merv will not raise dispute with me
mining costs are C1, C2 & C3
like @float^, you seem to be disrespectful of your teachers
take care
Net Direct Cash Cost (C1) represents the cash cost incurred at each processing stage, from mining through to recoverable metal delivered to market, less net by-product credits (if any).
Production Cost (C2) is the sum of net direct cash costs (C1) and depreciation, depletion and amortisation. The M2 margin is defined as metal price received minus C2
Fully Allocated Cost (C3) is the sum of the production cost (C2), indirect costs and net interest charges.
http://www.miningassociates.com/pdfs/events/mandm2013/MinesAndMoneyHK_2013_Keynote_Vigar.pdf
cancer in commodities, page-13
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