The following is Gold Valley's CEO, Mr Xie's perspective on hedging . . .
Xie's trading experience is proving integral to de-risking operations."Our model is to have a very significant hedge book, so that we can have that confidence to follow through with what we say we will do," Meacock said.
We do that through our key hedging partner, a prominent international commodities trader.
"We have derivative protections in place for everything that we do.
We're protected for six to 12 months ahead of ourselves for production so we can effectively guarantee that it doesn't matter what happens to the market, we will be operating for that period.
We'll have funds to pay everyone and keep operations going and ride the waves of volatility in the iron ore markets.
"In a junior mining sense, that's the magic: to be able to get through the cycle to weather the storm, to enjoy the sunshine afterwards."
The following is Gold Valley's CEO, Mr Xie's perspective on...
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