Won't take much to get to AUD$1,800 now. Another few nightmare sessions on the DOW and the AUD will easily sink into the low .70's
Unfortunately for now, the company has hedged 16,000oz forward sales from Jan’18, averaging A$1,689/oz over the next 6 months, so looks like around 40% of production hedged at $1,689.
March update we should see realised price around $1,700 up from $1,670.
Won't take much to get to AUD$1,800 now. Another few nightmare...
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