Partially hedge. I think so and usually it is a condition of bank financing but the more sanguine shareholders (often fund mangers) are likely to push for opposite they want leverage to rising metal prices.
My position is that of a ration mining executive who know that the long term Zn price is likley to gravtate to $US 1.20 / lb. (In fact it is the opinion of a senior mining executive I know well and hev asked the question).
but management can be smart and action put the hedging in via option puts and collars and string it out over a number of years .
You guys who are busy abusing hell out of management should know they do have some strategic decisions to make and ability and experience are vital.
HRR Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
