RE:RE:RE:RE:RE:RE:RE:RE:Hedge or dilute? How about NEITHER!Trevali has zero risk?
Tell me what will happen to the company if spot price drops to $1. How long will they survive?
If your answer is "spot price won't drop to $1", then my resposne is "and if it does?"
You cannot guarantee it won't happen. Nobody can. Who knows what the next few months will hold, let alone what the next few years will?