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2.13% 4.8¢ chemx materials limited

got this snip from a TOX poster!"I'm hearing that gold companies...

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    2,444 Posts.
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    12/05/06
    18:20
    Post #: 1559408
    got this snip from a TOX poster!
    "I'm hearing that gold companies are being offered forward sale contracts in excess of $1000 AUD for delivery in 3 yrs...you've gotta be able to make money at those prices...now its just a game of how much you hedge at that price."

    CMX are forcasting 14000 oz of gold and 20000/t+ Cu for the first year.( '07-8 ) the mine is copper rich at the top and gold rich at the bottom according to the radiobroadcast on the 1/5/06
    lets hedge the lot for the next 15 years eh.
    cheers PC

    CMX Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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