If you call the following hedged....lol
"On 29 April 2020, a term sheet was signed with Cobar United Pty Ltd where this entity has contracted with Manuka Resources Limited to purchase up to 460 unallocated ounces of gold from the future production, at a price of AUD 2,500/oz Au for a total amount of $1,150,000."
The timing could not have been better for this one. The potential is enormous. Check out the fees directors are issuing to themselves to see how serious they are about building the company.
GOLD/SILVER PRODUCER --HUGE upside Vs low CAP, page-55
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