MBG have a hedging against the US$ covering the first US$200K per month @ US55.6. This covers approx 40% of current revenue in US$. The agreement has about 2 years to run and in March 03 dollar terms had a vulue to MBG of $1.7m ( about $2.5m now ?) They also have a floor price contract guarantee of $4.42 which is below present spot price for all tin produced. Recently they arranged to sell their 75% stake in the Luckydraw gold mine for $250000 cash & 6.25m shares in Republic Gold. After ASX listing of Republic these shares will be distrubuted pro/rata to MBG share holders. Not bad for a company trading at 5c
