Camrova Resources Inc V.CAV.H

Copper Hedging

[CatchinTheKnife]

The uncertainty of amateur traders nearly always outweighs smart money in the short term when news such as this pp is released. The strength we have shown today proves to me that we are in strong hands and that there are plenty of intelligent investors with a watch on Baja. 
Please correct me if I am wrong, but i believe that we are still awaiting the hedging of copper prices on a certain amount of production during the first few years. This hedging price would be an important number to have before crunching any numbers. But is should also be one of the easier tasks that the management will have to deal with as of late. Unlike the financing where the longer the delay, the more the share price seemed to retreat, and the less bargaining power the company had, with the price of copper going up, a delay (as long as it does not stall the re-start of construction) should only result in a higher hedged price.

Looking forward to seeing where we are come Christmas.

GLTA