hedging, page-2

http://terangagold.com/investor-relations/presentations/

At the Scotia conference new CEO, Alan Hill, discusses the hedge book including option to deliver early. Clearly current focus is doubling the plant capacity as well as exploration, increasing drill rigs from 3 to 12 in January, diluting the hedge liability in terms of resource/reserve growth.

But yeah, I agree the hedge book will be partly bought out at some stage, perhaps in a year or 2 is my guess depending on share price growth.


Rowingboat