people keep talking about the hedge being so bad, put it in context and see when the contract was entered into. POG wasn't looking outstanding (still a heck of lot of uncertainty which direction it was headed back then).
If POG had lost more ground, quite simply BLK probably wouldn't be trading at this point without it.
it's tough work being a Jr miner.
Ann: RIU Explorers Conference Presentation, page-10
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