For fuck's sake,...barrick has 60 million oz reserves unhedged,...you understand that wink, wink, nudge, nudge,... and ready to participate fully in any POG increase. Every dollar increase in POG increases Barrick's Gold reserves. Barrick has blown every other gold company away in the last 15 years if you look at profits, increase in reserves, increase in resource, increase in EPS, costs to mine etc., etc.
You guys are really bent, and looking for bullshit conspiracies and reading way too much GATA shit.
Everything you discussed in the non-hedged derivative areas has nothing to do with cash flow, nothing to do with Barricks ability to generate revenue, nothing to do with its credit worthiness,...in short, you have no idea what you are talking about and you have failed to understand what I'm talking about.
You failed to understand that all Barrick has done is guaranteed years ago that they would get a certain price for gold they produce in years hence. They have matched that revenue to a certain cost they know they could meet given certain cost assumptions, and they grew the company accordingly. We could all be so smart to generate the third biggest gold producer in terms of oz gold, and the second biggest in terms of resource.
Good luck with your investments,...you will need it. |
