Ore Stockpile Valuation

[isaac opoku-gyamerah]

Dear All,   Could someone demonstrate to me the best approach to value ore stockpile in the gold industry. Considering the volatility of the spot price, is it reasonable to adopt the traditional “lower of cost and net realizable” approach to value the stockpile? Please illustrate your approach with an example.   Thanks in advance.   Isaac.   *************************************************************************************************************************   IMPORTANT NOTICE.       This communication contains information which is confidential   and may also be privileged.   It is for the exclusive use of the intended recipient(s).   If you are not the intended recipient(s) please note that any   form of distribution, copying or use of this communication or   the information in it is strictly prohibited and may be unlawful.   If you have received this communication in error please   return it to the sender, delete the email   and destroy any copies of it.   ********************************************************************************************************************************************************************   Isaac Opoku-Gyamerah (Mgt Accountant) Ashanti Goldfields (Bibiani) P O Box 98, Bibiani Ghana   Tel: (233 21) 77 01 47 Mobile: (233 24) 38 60 99         (233 24) 41 95 87       ********************************************************************** This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. This footnote also confirms that this email message has been swept by MIMEsweeper for the presence of computer viruses. www.mimesweeper.com **********************************************************************