8500 Oz of forward contracts at 3300 an Oz
current spot is only north like $200 or $300 so an ounce
and last quarters production was 28,000 Oz
looking at it, they are digging up good, simplified fleet, managing debt well and pretty close to the record high spot price
long story short, cash flow positive and cleared out the worst of the hedging exposures - recipe for success in my books
8500 Oz of forward contracts at 3300 an Ozcurrent spot is only...
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