re: Ann: Definitive Feasibility Study Complet... sle, I read like you do. But if I am management and I am told 'you can borrow 20 mill, but you have to hedge with us at $1700', then I would borrow and buy some govt bonds!
The hedges are not a big volume though. But a fair bit (did I read 30%) of intial 2 or 3 production. To me that is just a nice saftey net.
