If things do go to crap, and in my opinion this is a given, you might find that a hedging of A$1095 per oz might not be as much of a constraint as you perceive.
In a world as uncertain as it is at the moment anything is possible Gazza and in many ways I wouldn't mind them hedging a bit more at current prices. I was only looking at it being a constraint in a rising Gold price in A$ ...It's always nice to have a backstop with hedging and cash on hand..
Cheers Whisky
Undervalued or overvalued?, page-38
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