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Gold/Mining/Energy : Barrick Gold (ABX)
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To: nickel61 who wrote (1925)1/12/2000 6:22:00 PM
From: Claude Cormier  Read Replies (1) of 3558
 
<< Take reported profit and divide it by number of shares and then subtract this profit ($95 US)from the average realized gold price for 1999 of $400/ounce thus you will see that the gold they produce actually costs them $305/ounce. >>

I think this is not exactly right my friend.

If you want to include capital costs into the picture to calculate real net profits, you should then take net cash flows instead of net profits. No? This will lower the real cost which should not include amortization and depletion.
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