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<p>[QUOTE="medoraman, post: 2518145, member: 26302"]There isn't. To know WHY, you kind of have to be a cost accounting geek. First of all, every company will have their own cost, and it will vary daily based upon purity of ore you are mining this month, other metals prices, etc. Second, every company will have slightly different ways of accounting for costing of byproduct versus main product expenses. Third, WHICH cost are you considering? Fully costed, replacement, incremental?</p><p><br /></p><p>They say there are lies, damn lies, and statistics. I would say the same is true of costs. It all depends on what you wish to do with the number to know what "cost" to report. Cost accounting is an art, not a science. Therefor, its not surprising at all to see such variation. I could take the same mine and most likely report to you a $9 or a $40 cost per ounce, and both be "correct".[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2518145, member: 26302"]There isn't. To know WHY, you kind of have to be a cost accounting geek. First of all, every company will have their own cost, and it will vary daily based upon purity of ore you are mining this month, other metals prices, etc. Second, every company will have slightly different ways of accounting for costing of byproduct versus main product expenses. Third, WHICH cost are you considering? Fully costed, replacement, incremental? They say there are lies, damn lies, and statistics. I would say the same is true of costs. It all depends on what you wish to do with the number to know what "cost" to report. Cost accounting is an art, not a science. Therefor, its not surprising at all to see such variation. I could take the same mine and most likely report to you a $9 or a $40 cost per ounce, and both be "correct".[/QUOTE]
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