NMC nustar mining corporation limited

hedging book

  1. spiderman14
    6,778 Posts.
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    12/12/05
    09:48
    Post #: 1272527
    The annual report says they have hedged 51,272 oz at $627 aud for 05-06.
    They forecast to produce 80,000 oz but it seems unlikely they will reach that target,that being the case will they reach the 51k they have hedged because if they dont they have to buy gold on market at possibly over $700 aud for any amount they are under.
    The cash cost per oz was also higher than forecast in the last quarter.
    Maybe this is the reason we have not seen much of a price rise.
    Just an idea.
    NMC Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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