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

To: heinz44 who wrote (51994)11/2/2007 3:05:20 PM
From: loantech  Respond to of 78421
 
Maybe depends on if they use cash flow to reduce the hedge or if they add production or get higher recoveries or make an acquisition.

In the case of Western's hedges they will still make money on the 30% or so they have hedged at 801 and will not reduce income on the other 65-70%. All baked in the cake IMO. These are not ASHANTI hedges. <G>


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