RE: RE: RE: Hedging GoldMaybe they can negotiate a better deal for themselves, but I doubt it. YNG should have done this type of deal a long time ago IMO. I own another gold miner that did the same type of gold lease deal with DB last Summer and they got a deal between $850 and $1290 per oz. , but they only borrowed $45 million and have to pay out only around 66K oz.
This is still something YNG needs to do IMO to get the operation running properly and you can bet DB has done their DD on YNG to get their gold. If the deal goes through it's a good sign for YNG, so I hope it flys. It would seem that DB thinks the POG will still be elevated in the next 4 or 5 years. We'll see how it goes.