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Question2 Notigi Mines Ltd. (Notigi) is a mining venture that recently began operations in northem Manitoba. The mine has been under development for the last
Question2 Notigi Mines Ltd. (Notigi) is a mining venture that recently began operations in northem Manitoba. The mine has been under development for the last two years and will produce its first shipments of refined metal before the end of the current fiscal year. Two senior executives who have extensive mining experience manage the mine. The mine is owned by a syndicate of 20 investors, mainly professionals such as accountants, doctors, lawyers, and dentists who live in various parts of western Canada Notigi extracts ore from the ground and ships it to another company for processing into refined metal. The processing company then returns the refined metal to Notifgi for sale and shipment to buyers. Notugi has already entered into long-term contracts with several buyers to purchase virtually all the mine's production at prices specified in the contract. Any production not covered by the long-term contracts can easily be sold at prevailing prices in the open market. Required: 1) Name two different users and their objective for the financial statements 2) For each objective chosen, include an explanation of why you chose that objective User Objective Explanation
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