TVX Gold Message Board - Msg: 11755708

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Gold/Mining/Energy : TVX Gold

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To: darcy who wrote (727)	10/30/1999 8:56:00 AM
From: Edmund Lee	Read Replies (1) of 905

A reply from Carl Dear Mr. Lee TVX's forward gold sales stand at 32,250 ounces. In regards to the notes. The redemption price, if gold is above 362.15, is calculated by multipling the gold price by the reference figure of 2.76 ($1000/362.15). If gold is below 362.15 the notes are redeemed at face. The ratio of $6.9 M to every $10 increase in the price of gold is correct. Regards, Carl Hansen

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