RE: RE: hedge bookThanks for your input Curvature, I guess my post didn't disclose the Sandstorm contract? As for the "hedge by another name" ...not really. Brigus could have diluted its share base by issuing shares at a cheap price to pay for their expenditures or they could have done this gold steaming deal with sandstorm. In the Sandstorm deal Brigus can buy 1/2 of the contract back; and I would expect they would based on the current price of gold. Second Brigus received $56mil from Sandstorm to have the right to buy Brigus's gold at $500/oz. not really chump change. The Sandstorm deal could be looked at as a start up loan to get into production, or as a partnership. Its was a way to finance their mine without share dilution. ($56.3mil at $1.55 =36mil shares + the typical bonus of 15- 20 mil or so options granted for the private placement) new share base could have been fully diluted 265mil. vs 209mil.
PS How does one manage to get 100 ignores? Just a question.