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Gold/Mining/Energy : Century Mining Corporation
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To: John McCarthy who wrote (413)6/20/2007 1:26:51 AM
From: hubris33  Read Replies (2) of 545
 
John,

Hey what do you make of the 'accounting change' that CMM did in order to adjust stripping costs and push more of those from the Sigma Pit into a Balance Sheet account: Deferred Stripping? I thought that costs were suppose to be matched to revenues? At least that is my rudimentary understanding of accounting principles and what I can find on FASB web site for deferred stripping.

What say you? Legit or Shenanigan? Or is it more complex than that?

H3
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