I agree Falcon, all the negative post on hedging are based on a false premise that hedging is for losers. When the price of gold was $250 it might have been the case but with gold close to $1500 AUD, it is a fair deal. If gold goes to 10,000AUD then some would say bad move but it it returns to under $1000 which is closer to historic norms then I think hedging some output is a good bet. Not to is to bet the whole mine on the POG rising.
so what's the money for?, page-7
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