RE:RE:RE:RE:TREVALI EXTENDS ZINC HEDGING PROGRAM OUT TO END OF 2021Kramas I think you are wrong on this one as I think the company will look at restarting the mine to time it with April 2021 because the fundamentals have changed. With 60m locked in at 1.23 that amount could be Caribou's production alone. By April, not only will TCs have dropped significantly but if Silver remains higher and lead climbs, those extra millions also will help. If management finally does that copper circuit with copper climbing, all these extras along with a general lowering of costs will significantly lower the price they need at Caribou to make it work. Even if it only lasted for 9 to 15 months, they might as well take advantage and get those minerals out of the ground. If $1.25 was what they needed in March when Zinc, Silver, Lead and Copper were really low and TCs were $300, then the number must be decently lower in April 2021 when TCs could be up to $200 lower than current proce and metals price higher. Could TV maybe even hedge their Silver production there...Maybe
Just my thoughts