CAI 3.85% 13.5¢ calidus resources limited

No and I'm glad you pointed that out. We never had it to lose,...

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    No and I'm glad you pointed that out. We never had it to lose, but what actually happens is the gold price is set for those oz's, but the cost curve isn't and it will rise up to squeeze the margins if the hedge is too far forward.
 
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