*** lhg/nem downside risk from here based on techn, page-6

Yeti-man wrote:
"They have hedge position at 50% of expected production for the next three years at an unfavourable US$330/oz rate, so why would one want to buy it, beats me."
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Commenting on that, it does not impress me. I assume they won't have delivery problems, because if they do they might have to buy much dearer gold to just cover themselves? It is also important to know what sort of currency hedge is in place as well covering that production?