RE: The hedge....I understand and am sympathetic to your understanding.
But at this point I am resigned to cold hard numbers- I have to deal with a small hedge and I have to deal with a lower production number. The management is not going to change because they still taste what $8 silver makes them feel like and facing the permanent closure of a $150,000,000 mine BECAUSE they didn't hedge a bit . I wish they wouldn't but they see it is as their fiduciary responsibility. In that way I meant move on....it is what it is.
But as I posted earlier we are on course at $28 silver to make $25,000,000 dollars using a full $18 per ounce cost.
So I am resigned to waiting for the cold numbers to show our swagger and just maybe a piece of good news from the co- ie that we are closer to 3,000,000 ounces a year from now and that there is no more reson to hedge due to their healthy balance sheet.