NGF norton gold fields limited
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lehman brothers decision tomorrow, page-5

  1. hercules007
    4,542 Posts.
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    04/06/09
    14:44
    Post #: 5243152
    In that case, we can treat NGF as a 80,000 oz producer rather than 150k oz producer. They are producing at AUD$745 per ounce cost, so the hedged 70,000 oz only earns them $700k. The other 80,000 oz earns them 80,000 x (spot - AUD$745) = $32m at AUD$1145 ???.
    NGF Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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