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0.00% 0.7¢ matrix metals limited

copper ? what`s happening?, page-8

  1. Nickd003
    711 Posts.
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    04/05/06
    00:41
    Post #: 1538689
    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
    MRX Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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