HGO 1.59% 6.4¢ hillgrove resources limited

HEDGING? Hedging of 50-55% of projected Cu output for 40 months...

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    HEDGING
    ? Hedging of 50-55% of projected Cu output for 40 months from July 2012
    (debt repayment period)
    ? Ramp up period revenue is 100% covered by put options at a strike price
    of $AUD 7,500/t
    ? Average hedging price of AUD 8,320/tonne (USD 3.73/lb) – no FX exposure on hedged volume.


    GLA


    (Keeping a close eye on HGO).
 
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