by SRSrocco, Silver Doctors:
I have been spending a great deal of time going over the balance sheets of mining companies to get a better TRUE COST of SILVER PRODUCTION.?? I have put out a request for anyone in the accounting profession to assist me in this matter.? After the initial interest, it seems as if these folks have backed off? for whatever reason.? I don?t plan on stopping before I can figure out a BETTER WAY to cost out gold and silver and not the pathetic industry standard of ?CASH COSTS?.
Cash costs exclude depreciation, depletion and amortization, accretion, corporate general and administrative expenses, exploration, interest, and pre-feasibility costs.? How can a mining company or the industry as a whole use?CASH COST figures to show the investing public true costs of mining silver?? They do it to MISLEAD the public.
?I have had some SilverDoctors members reply to my previous post on Alexco Resources.? One member told me about another so-called extremely LOW COST SILVER PRODUCER named Dia Bras Exploration.
Read More @ Silver Doctors
Source: http://sgtreport.com/2012/11/cash-costs-are-completely-bogus-are-misleading-pm-investors/
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