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To: Tom Byron who wrote (12529)	6/2/1998 8:24:00 PM
From: goldsnow	Respond to of 116795

Another interesting comparison between ourselves and those on the other side of the pond is that we calculate our reserves on a price of $A450/oz," Normandy Ltd corporate manager Mr Colin Jackson said. Most North American companies were using a basis of $US350/oz. "So they are already $60 south right now," Mr Jackson said. Australian producers were generally hedged up to four years out, with some substantially further than that, while North Americans that hedged were generally over just one or two years. afr.com.au afr.com.au

To: Tom Byron who wrote (12529)	6/2/1998 8:37:00 PM
From: Alex	Read Replies (1) \| Respond to of 116795

Dollar Falls vs Yen on Concern G-7 May Bolster Yen The dollar fell against the yen for the first time in four days on concern finance officials of the world's Group of Seven major industrial nations meeting next week will discuss ways to buoy the yen. Officials from the U.S., Japan, Germany, the U.K., France, Italy and Canada will convene in Paris to discuss Russia's financial turmoil, though they may also discuss the yen's weakness, said Japan's ruling Liberal Democratic Party. bloomberg.com