re: but copper price doesn't affect mrx This is from the 1/4erly last week
...."USD Copper Price Hedging Curves then $1.10 flat
• The backwardation curve assumes hedging was effected 27Jan 06 for 100% of copper production,
with production commencing in Mid 2007".....
Not really sure what this actually means - is 100% hedged on a sliding type scale or something?? Do any followers know about this?
Thanks
Nick D
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