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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (25683)	1/15/2003 7:36:32 PM
From: TheBusDriver	Read Replies (1) \| Respond to of 36161

<<You must of seen that PR on Black Hawk Mining, eh?>> Thank God! Looks like they are still hedged about 19,000 oz that would have been paid off if not for the strike. PR said production for 2003 was expected to be 58,000 oz. This is ruffly 5k a month. That means another quarter under the hedge ledge. This is kind of a bummer, but at least the strike is resolved, hell maybe gold will be $400 by then! Too bad they can't buy back the hedges on the open market. Would be worth it in the long run? Wayne