Hi guys,I would be happy to stay unhedged for now but once...

Hi guys,

I would be happy to stay unhedged for now but once silver hits the $50/oz I would not mind if they are going to hedge a portion like say 20%

If we would hit the $60/0z I would hedge another 10% but that would be it.

Better save then sorry as history has thought us, many times over and over again.

And with 70% free carried we still have heaps of room for upside and an increasing shareprice.

If we do not go over the $1 mark by next week then I will top up once again.

Because I do not believe that a company with such a large silver resource and plenty of scope to increase that resource subtancialy, by doing more exploration, should not follow the silver price.

I also believe that we have good potential to find other base metals on our tenements.

The Aeromagnetic survey now being conducted should give CCU some indication of that potential.

good luck

jojo