NGF norton gold fields limited
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norton brothers bailing, page-5

  1. hercules007
    4,542 Posts.
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    26/05/09
    18:12
    Post #: 5206416
    The hedge is at AUD$875, so as long as NGF keeps production cost below this figure NGF will still be making some money of the 70,000 oz hedged while enjoying spot for the other 80k oz. Even if the hedge was to be revived, NGF is still going to be profitable by keeping production cost below the hedge.
    NGF Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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