why buy anything else, page-6

a Trevor Shard quote from a subscriber only industry newsletter:

"Asked whether the company might hedge some of its silver given the strong silver price, Shard responded: We are getting close to finalising the terms of some borrowings and it is likely that that will require us to do some hedging, but how much and over what period is what were still working though at the moment, he said. If we take debt on, hedging is likely.

However, he refuted the notion as to whether the company should take on hedging even if it wasnt required, given the very strong silver price at the moment.

Why would we? he said. The silver price outperformed gold last year. We are not experts on the silver market but we read what others say (and) people are calling it to $100/oz. Why would we want to hedge away that upside for shareholders.