If the A$ price of gold drops, then CAH could be more attractive compared to peers. Remember:
"Catalpa has sold forward 352,316 ounces of gold at an achieved fixed flat forward price of A$1,544 per ounce for
delivery from commencement of operations, into the 2015 financial year. This represents 24% of Edna May?s Resource and is prior to an update to the Greenfinch Resource and Reserve expected in April 2009."
carrousel probably out, page-6
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