what is the upside, page-14

Here is the key detail, as announced previously, as to what I was reinforcing in my last post - for those interested. Gold up again tonight as I type. As follows:

'Quarterly Activity Report for Period Ended 31 December 2006


The Directors of View Resources ( ASX :VRE ) are pleased to announce completion of the full hedging programme for the Bronzewing Gold Project, with all prices achieved in excess of that previously modelled in the bankable feasibility study .



View has now locked in 175,000 ounces of forward contracts to deliver gold at a flat forward price of $900/oz, achieving a $325/oz cash margin on 38% of gold produced in the project. In addition View acquired a further 150,000 ounces of put options in November 2006 at a strike price of $830/oz, giving a total of 325,000 ounces (70% total production) locked in at an overall minimum cash margin of around $300/oz, with significant upside if the gold price moves over $830/oz.'

wrxsti