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Gold/Mining/Energy : HAWKEYE GOLD INTERNATIONAL INC.

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To: long-gone who wrote (6)4/14/2001 11:23:17 AM
From: long-gone  Read Replies (1) of 24
 
DELTA The measure of probability of an option being exercised at any stage of its life.

DELTA HEDGING The amount of hedging necessary against an option position to ensure a zero or square exposure to it at any point during the option’s life.

DERIVATIVES (gold based) Overall term for highly leveraged paper or financial products whose underlying value is based on the gold price. Includes products such as gold loans, forwards, futures, options and warrants.

DILUTION The undesirable but often unavoidable mixing of ore body and sterile surrounding rock during the mining process which effectively lowers the gold grade.

D’ORE The result of processing and smelting usually at the mine site which produces a matt containing impure gold alloy which is then refined. Most d’ores contain about 60-70% gold and usually in association with silver.

DOWN-AND-IN CALLS A barrier option where the call is paid for up front but not received until the knock-in barrier is reached. See also up-and-in calls.

DOWN-AND-OUT CALLS A barrier option where the standard calls are paid for and exist until such time as the price of the underlying falls below a predetermined barrier after which the options cease to exist.

DOWN-AND-IN PUTS A barrier option where the put is paid for up front but not received until the knock-in barrier is reached. See also up-and-in puts.

DOWN-AND-OUT PUTS A barrier option where the standard puts are paid for and exist until such time as the price of the underlying falls below the predetermined barrier after which the options cease to exist.

DUCTILE The physical property exhibited by gold which allows it to be drawn out into fine wire.

DREDGING A mining process specific to placer deposits associated with ancient alluvial or glacial activity.
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