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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ptaskmaster who wrote (9)	2/2/2000 8:49:00 PM
From: E. Charters	Read Replies (2) \| Respond to of 4051

Wildcat Resources Ltd. is into a 5 ounce per ton narrow vein mine in NWT. We are not hedged and do not feel the need to be. We may float the financing with a gold loan though. EC<:-} mailto:e_charter@yahoo.com

To: Ptaskmaster who wrote (9)	2/6/2000 5:59:00 AM
From: Aurum	Respond to of 4051

Hi Ptask, in the last 18 months the press has not bothered to report hedging and forward sales. In the past this was a staple - and reported on regularly. I did come across a broad statement, about a year old, that Australian producers had forward sold 70% of total reserves. I remember that 2-3 years ago only one significant producer was not forward sold. I am not sure, but it was one of the majors, and they copped a lot of criticism for it. Might have been WMC. I asked around and received the following response which is self explanatory. Post \| Reply \| Reply/Quote "Hedging by Aussie Au producers is offset in the London markets (usually) and occasionally via comex in the States. It is not disclosed other than in the end of financial period reports (as required by AAS33). The financial press sometimes does a roundup when the markets drop a bundle, but this is only by polling the various producers and wading through the financials. Suffice to say that almost all Au producers were recently caught short and as a result will not see much of the latest Au price (US308 spot New York last)..