production funding in june, page-9

BH! I think hedging can be more "sophisticated" these days rather than simply committing to deliver for argument's sake 80,000 ounces of gold at $US900 for the next five years.

I believe it is possible to hedge like taking out insurance - by paying a premium guaranteeing a minimum price for your gold in the advent of a price fall while not limiting the upside.

If that sort of hedge is taken by IGR to satisfy project debt I don't think you'd have too many qualms.

But I'd much prefer an IGR merger with TRY which will bring producing gold assets plus $60 million cash to the table.