GREY:GRFJF - Post Discussion
Post by
mlmack on Oct 24, 2008 5:42am
The hedge is going to save our bacon
Falling prices, under $700 now.
If 1/3 of production is hedged at $801 and the cost of production is $400, WGI only requires $200 per oz. to break even. Most mines will close well before this price.
Will investors eventually figure this out !!!
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