'Check the hedging of CRS. Someone on a forum recently indicated that 30% of reserves are hedged @A$500. I don't own any and therefore didn't check it out. Au has never been A$500 so it would be amazing if this were true.
Please note; This is someone else's opinion.'
A$500 = US$282 That's pretty average. 30% is too high, unless reserves can be increased and even then production has to cover the hedged contracts before spot prices can be taken advantage of.
LHG has been regarded as overly hedged but from what I gather, they are around 15% hedged at better prices, US$315-$328. That 15% doesn't include current resource upgrades.
LSG is another with exposure to upside through diversification, IMO.
LHG
unknown
