TBR 2.70% $3.42 tribune resources limited

cant believe the price of this stock, page-5

  1. 222 Posts.
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    note the variability between each campaign and how many ounces were actually produced in the 08 financial year.. while AU spot was higher, ore was from lower grades of the orebody, therefore production was actually lower than 07, therefore volume down, price upso similar revenue. I would expect a huge step up in 09 as production up and price reasonably high.

    I still dont see any details in their financial report regarding any hedging or contracted price agreements .

    bullion is sold at SPOT.
 
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