SPR 2.82% $1.28 spartan resources limited

Gold and macro environment, page-77

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    I always take more interest in the futures price because:
    1) It tells you where the market believes the POG is headed;
    2) It’s likely more relevant than today’s price for a future producer; and,
    3) A current producer could lock in that price today if they so wished.
    I suppose points 1 and 2 are relevant for us.
 
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