gold still shining, page-26

Corrected

For those that are interested,

OGC has hedging commitment, in a sense the falling POG is neither here nor there for them as at this point in time.

The hedgebook will be completely extinguished by December 2010.

For FY 2010 they have 99,840 oz @ NZ$773 and 104,024oz @ NZ$1068.

Once the hedges have been closed out it will add approx AUD$200 per oz to the bottom line at current POG and AUD$.

imo it will add approx $2.00 per share.