Does anyone know why hedging couldn't have been done in Aussie$? If locked in say at min A$1.55-1.60 it would alleviate currency fluctuations as well.
As is, the Aussie could go higher affecting revenue for next Q and partially for the following. So the question is will it go higher during the period hedged and if so by how much. In this case a fall would be welcome.
Ann: NCZ DELIVERS MILESTONE 500,000TH TONNE OF ZINC CONCENTRATE, page-17
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