KCN 0.98% $1.55 kingsgate consolidated limited.

I assume the 20% average royalty rate is charged on the...

  1. 6,205 Posts.
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    I assume the 20% average royalty rate is charged on the prevailing gold price, rather than the hedged price, so in case of hedging before a rising gold price, then KCN would be doubly screwed - the Thai royalty rate changes hedging from being simply dangerous to being extremely dangerous.
 
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