RE: financials please clarifythe banks required them, as part of the financing, to put the hedge in place. They also required them to buy a put, which cost them in the order of $3 million and which expired worthless as it was significantly below the market price of copper.
As for the hedge, the last time I spoke with the company they mentioned that it was for a period of three years and for about 1/3 of their yearly production. Unfortunately that is what the banks required them to put in place. Good thing is that 2/3 or more of their production is unhedged and they are getting good coinage for the copper.
Call the company directly, they are very amenable to discussing the details of the hedge.
Oh yes, this will be a terrific stock as they have already started to make money and it appears unlikely that they will need to do more financings for next mine (they are generating sufficient positive cash flows to finance at least one new mine this year).
best wishes to all as we watch this new producer become a significant mid-tier producer.