RE: RE: RE: RE: ORV a No brainer Correction on my EVBC numbers:
Hedge #1: - 1600 oz per month (19,200oz/yr) collared at $1550-1855/oz (July 2012 - Sept 2015)
Hedge #2 - 1600 oz at $1250oz....a 21% haircut to gold price for the period Sept 2015 to Sep 2016
Hedge # 3 - 780/oz per month (9,360oz) at $1333....17% haircut
Estimated annual EVBC production is 73,000oz over 9 years.
Total EVBC hedges till 2015 = 39% of production
Source of info...see link below:
https://www.andrewjohns.ca/sites/default/files/ORV_20120216%20ORV%20Increases%20Credit%20Facility.PDF and from other sources
No hedges at DM