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To: paunch13 who wrote (96462)11/28/2003 2:50:06 PM
From: Enigma  Read Replies (1) | Respond to of 116959
 
Have you not seen their NR - they're not hedging for the next decade. Yes their current hedges will wind down but they are a small percentage of production. See Russett's recent post on the Barrick thread - or was it here? Anyway it would be interesting to see an analysis of the size of NEM's hedges viz a viz Barrick. So much of market action is about perception and that is why I think Barrick will now outperform