RE: RE: Jaguar's valueJaguar’s hedged production is at $527.10/oz. This is not as bad as some other companies’ hedged production programs, for example, Redback Mining which is at $400.00/oz on 55% of their next four years of production. For Jaguar, just over 28,000 oz. are hedged of their total 125,000 oz. in 2007. Jaguar is still undervalued with the stock price, in my opinion, headed to $8, $10 plus in the new year.