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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (17032)8/18/2003 11:15:19 AM
From: gold$10k  Respond to of 39344
 
Wayne,

I am not concerned about the hedging as options do not need to be exercized. The high cost of production could be a plus as far as stock appreciation is concerned since a higher cost of production implies more leverage... there would be a larger percentage increase in profits as the POG rises. Yet they are profitable for all of the current POG range.

vt