do you think they can hedge at A$1250? what's everyone's opinion...

do you think they can hedge at A$1250? what's everyone's opinion on this? A$ strengthening against US$, US$ gold lingering in low 900's...

At 80c exchange rate, gold needs to be $1000/oz. Problem I see is if gold breaks $1000/oz, that's the last we'll see of it (IMO) and unless A$ gains more ground, SAR would be in a dangerous position with the hedging and put options???

I do like the potential here though. SAR has been on my watchlist for a while. Just can't find the confidence..