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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (7670)	9/5/1999 11:43:00 AM
From: goldsheet	Respond to of 82250

> I'm not sure if this means anything - if true - so long as they can > produce the ounces required in future - and as people have pointed > out here the # of ozs sold forward is very conservative in relation > to total reserves which can be mined at a profit. d Very common for a hedged firm to have 2-to-3 years' worth of annual production sold forward, but typically over a 10+ year period. This means only 20-25% of annual production is delivered to the hedge at a fixed price and the rest goes at market prices - very conservative, reasonable, prudent business management.