GREY:GRFJF - Post by User
Post by
mlmackon Jan 15, 2009 5:54am
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Post# 15705707
Fuel hedges = locking in profits
Fuel hedges = locking in profits
These latest fuel hedges lock in another $2 million in profits for the two years (2009, 2010) above the management forecasts made earlier in 2008. The 2009 forecast should be very interesting, with gold at $800/oz., earnings should be $.30 +.