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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (227357)	11/4/2009 12:52:20 PM
From: bull_dozer	Read Replies (2) \| Respond to of 306849

> I'm holding for 2012 and New Afton as well as $2000/oz gold. Roubini Says Rogers’s Forecast of $2,000 Gold ‘Utter Nonsense’ Message 26071055

To: patron_anejo_por_favor who wrote (227357)	11/4/2009 3:24:41 PM
From: Activatecard	Read Replies (1) \| Respond to of 306849

Do you think this might limit NGD's upside: "New Gold has increased flexibility in considering its options with respect to the gold hedge program, a required condition precedent to the loan facility, that now extends two and one half years beyond the revised term to December 31, 2014, the original term prior to prepayment. Approximately half of the program, or 165,000 ounces of gold, are hedged beyond June 30, 2012 and may be monetized at New Gold's discretion." That's nearly a year's production. Sell El Morro and close the hedge book?