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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: Lola who wrote (11096)	10/12/1999 10:01:00 AM
From: SwampDogg	Read Replies (1) \| Respond to of 36688

BHK-T...this is why they are down...a worse hedge book than CBJ based on price and % of production...PHNPI "The company has established short-term and long-term hedges in accordance with the terms of the new loan agreement, which provide for 52,500 ounces of puts for the balance of 1999 at an average price of $251 per ounce and 63,700 ounces of calls at an average price of $276 per ounce. The long-range hedge program covers an additional 155,000 ounces of puts at $261 per ounce from the year 2000 through 2002 and 161,000 additional ounces of calls at $273 through January, 2003." From last NR