RE: Reason why lagging.That explains part of it. But, the contracts only cover about 25% of sales and extend out to 2013 at $907/oz.
The frustrating part, I think for all longs, is that CGA's EPS is already well ahead of its peers, despite the hedging. They continue to grow VOLUME, PROFIT and CASH FLOW. They have a huge resource base and are drilling to convert it to reserves. The monthly production results are suggesting that the high end of 250k oz/year can be met or exceeded with little or no additional capital.
This is GOOD STUFF!!!!!
There is a lot of good news just waiting to break. Who knows which release will actually be the trigger.