Like RRL arrangements there will be no minimum sell rate into the book. Also if the gold price runs you likely have far less than <20% of reserve ounces hedged, no big deal. If you want full exposure to risk, buy some ounces, if you want to be a succesful company? mitigate all downside scenarios.
Ann: Capricorn Completes Gold Hedging for Karlawinda Gold Project, page-9
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| Price($) | Vol. | No. |
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| $5.50 | 4000 | 1 |
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