SFR 0.09% $10.90 sandfire resources limited

Ann: BMO Global Metals & Mining Conference Presentation, page-5

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  1. 864 Posts.
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    I thought when looking at a forward derivative you would compare the forward price discounted against the spot price? The spot price is higher than the $4.19, at ~$4.49, so wouldn't that suggest a liability for every forward pound of around $0.3. You'd have to pay, not receive, cash to exit the contract?
 
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