Um, I am not sure if it could be possible for you to be more wrong...
In terms of the hedges, the company is paying back 25,000oz per quarter at a price of $1,571.
Tropicana attributed 33,453oz at an AISC of $1,002.
Not only was there a surplus of 8,453oz where the company made $1,302/oz, they also made $568 per oz on the 25,000
Duketon is disappointing, but it was flagged last quarter, and the company has re-iterated higher grades for the second half of the year.
Perhaps have a read of some of the great posts the people on these threads have shared, and write some numbers down, and see if the numbers do in fact stack up like people suggest.
If they don't stack up, please share them and I am sure there will be many contributors here who would happy to review them.
RRL Price at posting:
$1.81 Sentiment: None Disclosure: Held
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