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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: russwinter who wrote (1357)6/11/2001 2:59:19 PM
From: Frank Pembleton  Read Replies (1) of 4051
 
25% as a percentage of reserves and resources...
...By my math they are over 500% hedged.

So it's 500% of what's in operation? That's incredible! I hadn't looked at it that way. I was assuming that everything was rolling at a fixed rate, without any allowances for depletion (higher cost mining?), new start up costs and obviously the time it takes to get production on stream.

Static as opposed to dynamic...

Thank you
Frank P.
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