I don't mind that hedging at that price for the production from Challenger, about $100US about current gold prices and gives a guaranteed margin against cost for most of the production from challenger this year. So it's about a 1/4 of expected total production this year hedged, I think this call is one that will at least give me a little confidence that they shouldn't lose money at Challenger this year at least.
kcn considering hedging..., page-33
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