>Hi Champ,>Not sure why you believe the company's profitability...

>Hi Champ,

>Not sure why you believe the company's profitability is related to the hedges? The hedges are for 180Koz per quarter (with 8 quarters to go), so if the ball mill works as planned, the hedges would only represent around one-third of CCU's production.

Hi Fourdollars,

I'll have to contact the company to find out if the production of the first 1,400,000 ounces are sold at the hedged price to start with?

If not then you are correct. I'd hope that only 1/3rd of the production going forward is sold at the hedged price. If not, well it's not good.

Are you certain that you are correct? Another poster said that the hedges must be used first before the unhedged production is used??

It would be interesting to find out for sure either way.