I thinks its just initial 32k oz which are hedged, this seems nice strategy when gold was falling, I guess now its biting.
They have an estimate of 54koz by june09 and 100k by june10, there is a possibility of multifold increase in production.
They would be cashflow positive, which is a big deal in current market.
Is there a chance of reserve increase? any idea fellow comrades?
I thinks its just initial 32k oz which are hedged, this seems...
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