Ann: March 2014 Quarterly Activities Report , page-41

just realised...Mr H, you think that the hedge = the debt, or you think I do.

I know how they work - lets hope the BOD don't screw up and spend the difference on unexpected things like ummm weather uummm roads and discover in Jan 2016 they are a bit short.

(Damn I might have given the game away).

How many producing mines do MOY have??

BTW- the NPV is 144M based on average hedge of AUD 1594. But in financials it is AUD 1513.

Does not seem much $81, except when your all-in is AUD 1160, $81 is only 19%..is NPV now just 117M?

Is this my imagination, or more finger trouble at MOY? You remember the 3-4 goes at getting the mine plan correct? Add that to having two master copies of ASX meeting announcements, each different.

Trust me, I am easily pleased if things are done well by people who know their stuff.