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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (84177)4/4/2002 11:06:54 AM
From: re3  Read Replies (1) | Respond to of 117069
 
the better question might be , is this really the gold price thread ?

LOL !!!!



To: long-gone who wrote (84177)4/4/2002 2:57:56 PM
From: Greg Ford  Read Replies (1) | Respond to of 117069
 
What do you mean?

NEM have indicated that the value of the hedge book at December 31, 2001 was underwater by $250+. The gold price was $280 at that time. Today at $300 gold that number should be around $250 + $180 ((300-280)* 9 million ounces hedged)= $430 million negative value - give or take $50 million.

We should know when their next results come out what the number is.

Greg


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