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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (7419)	3/2/2006 8:38:55 PM
From: SwampDogg	Read Replies (2) \| Respond to of 78410

I believe that ABX does not plan to start delivering the Pasqua Lama ozs for a few more years and that is only 6.5 million oz of the 20 million hedge. These 6.5 million oz were sold forward at an average price of $378. At $513 Au the mark to market loss of just that portion of the hedge was $1.453 billion. At $570 gold that mark to market loss is substantially higher already. This debate will go on and on and IMO it probably is better to get it out of the way. They have an amazing portfolio of assets.