details of hedging - weep....., page-11

re: jembsb is correct I have also just worked out the final revenues with hedging and carrying through current prices over five years.
Year 1 revenue = $105m
Year 2 revenue = $82.5m (big increase in Cu hedge)
Years 3 - 5 = $353m

All up about $540m over 5 years.

Pretty well all of the gold is hedged for the first 2 years @ $407av.

EPS = 10c on 1 billion shares.

It looks to me like everyone is a little bit right and its just what sort of spin that you want to put on it.
Alby.