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To: Enigma who wrote (84133)4/2/2002 7:41:48 PM
From: The Vet  Read Replies (1) | Respond to of 117064
 
< only 18% of Barrick's reserves are hedged > If it was 18% of annual production that WOULD be conservative. 18% of reserves is nonsense... No company can deliver reserves until they are dug up and processed and become production. If Barrick can mine and deliver 18% of their reserves in a year, then they could deliver on their hedges in a year (and have no income for that year) but at that rate they would run out of gold in under 6 years.



To: Enigma who wrote (84133)4/3/2002 12:18:03 AM
From: long-gone  Read Replies (1) | Respond to of 117064
 
<<According to Russett on the Barrick thread only 18% of Barrick's reserves are hedged - which means that 82% (!) are unhedged. >>

Is this an unbiased analysis or one we might expect from Wall Street?


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