RE:RE:RE:More Due Diligencegcm is not hedging, they benefit from every dollar that the gold price goes up, they benefit 3x or more from the rise in gold price than other miners with the same market cap because gcm has both 2x or higher production than them and high grade, lower cost than them. gcm is selling for cheaper than some miners that have no production at all.
the gold notes are not really a hedge, it is a bonus incentive that the note holders get and is only a small % of production and getting smaller as they buy the notes back. at $2000 gold they can easily buy back the entire amount of notes soon.
Stratocheif wrote: Sprott was all exited about gcm a few months ago. Now he only has bad things to say about them. They are undervalued but dont do all the right things to boost sp. Gold notes, hedging etc that prevents from profit potential as gold rises. But there is still some upside