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Gold/Mining/Energy : Vista Gold (VGZ) -- Ignore unavailable to you. Want to Upgrade?

To: PaulM who wrote (152)1/25/1998 10:47:00 AM
From: John Wetterau  Respond to of 379
 
If they made 9.5 million on the earlier hedging and then hedged 90,000 oz at $280, doesn't that mean (in round numbers) that they are realizing $385/oz ($280 + $105) for the 90,000 ounces? They can use their cash to develop the low cost Venezuela resource and then bring on the Columbian resource and reopen the Nevada mine (if they have to close it) when the price of gold rises. Seems like they win pretty much no matter what happens (assuming gold stays above $250/oz).



To: PaulM who wrote (152)1/26/1998 8:23:00 AM
From: yard_man  Respond to of 379
 
Having said that, this now all 20/20.

They had a decision to make beforehand. They made it. What I meant, is we won't know the true impact on the stock price from the rise in the price of gold until we get a sustained rise. I expect, as you do, that if gold hits the $340 - $360 range, VGZ will appreciate nicely from here. Wish I'd bought all at 7/32 or 3/16, but I also have some at 7/16.


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