Back on 7th October, the CEO of Northern Star was quoted as saying that miners were being offered hedging contracts at AU$2,950/oz for delivery in 3yrs time, when the spot AU gold price was $2,650/oz. If that relationship still holds, bodes very well for the economics of BRB's open cut and underground project.
Ann: Breaker Investor Presentation - RRS Summer Series, page-37
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