just realised...Mr H, you think that the hedge = the debt, or you think I do.
I know how they work - lets hope the BOD don't screw up and spend the difference on unexpected things like ummm weather uummm roads and discover in Jan 2016 they are a bit short.
(Damn I might have given the game away).
How many producing mines do MOY have??
BTW- the NPV is 144M based on average hedge of AUD 1594. But in financials it is AUD 1513.
Does not seem much $81, except when your all-in is AUD 1160, $81 is only 19%..is NPV now just 117M?
Is this my imagination, or more finger trouble at MOY? You remember the 3-4 goes at getting the mine plan correct? Add that to having two master copies of ASX meeting announcements, each different.
Trust me, I am easily pleased if things are done well by people who know their stuff.
MOY Price at posting:
11.0¢ Sentiment: None Disclosure: Held