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Strategies & Market Trends : Winter in the Great White North

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To: tyc:> who wrote (7401)1/8/2008 12:33:07 AM
From: marcos  Read Replies (2) of 8273
 
Ah you had it right, i didn't multiply it out ... they're hedged for 430k ozs if memory serves, at 801 ... while a moderate amount of hedging doesn't really bother me, it's that much better when a company can get into production without it, and keep all their upside intact, so that's clear advantage to Metallica in comparing the two

Why doesn't it move up then, it's like there's a lid on it, 5.40ish now, couldn't get through there ... copper is a big part of la Fortuna, and is maybe out of fashion for the moment, this could be one reason
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