Antero Resources Corp T.AR.DB.U

RE:RE:RE:The potential for PROFIT at Magino

[Wolverine2024]

Here is the table indicating the impact of Hedges versus NO Hedges on profitability at Magino, not sure why  it didn't appear in my previous post

Assume 230,000 oz of gold Produced at Magino in 2025
	Total Oz	Cost/oz	Price/oz	Profit/oz	Total Profit
If there were NO HEDES	230,000	1100	2000	900	$      207,000,000
Non-hedged portion of gold production	205,000	1100	2000	900	$      184,500,000
Hedged portion of gold production	15,000	1100	1860	760	$        11,400,000
	10,000	1100	1763	663	$           6,630,000
	Total profits including the 2 Hedges				$      202,530,000
				Percentage of profits eaten up by the 2 Hedges	2.16%

Price of gold per ounce	What profit would be without hedges	What profit would be with hedges	The hedges will eat up this much profit	Percentage of profits lost due to Hedges
$       2,000	$       207,000,000	$       202,530,000	$      4,470,000	2.16%
$       2,100	$       230,000,000	$       223,030,000	$      6,970,000	3.03%
$       2,200	$       253,000,000	$       243,530,000	$      9,470,000	3.74%
$       2,300	$       276,000,000	$       264,030,000	$    11,970,000	4.34%
$       2,400	$       299,000,000	$       284,530,000	$    14,470,000	4.84%
$       2,500	$       322,000,000	$       305,030,000	$    16,970,000	5.27%
$       2,600	$       345,000,000	$       325,530,000	$    19,470,000	5.64%
$       2,700	$       368,000,000	$       346,030,000	$    21,970,000	5.97%