Spur Ventures Inc SPVEF

Gold Prices

[TTMAC]

I understood the first 200,000 ounces were hedged.  The drop in gold lately should not be lowering the share price.  The conferance call on August 15th should shed some light on the price drop.
I have no fears about this company as they are well run and have great properties.  Atlantic is just getting started and have a many good years of production ahead.

TTMAC

[nilyab]

As I recall, although my details may be slightly off, the first approximately 2 years of production is hedged at about CAD $1,685, which is roughly similar to USD $1,265. An earlier post I put on this board, I think about 5 weeks ago, quoting someone's more precise details, will give you more precise statistics. It appears to me that the stock price decline is severely

[jedd2]

Nilyab, you are correct.  Atlantic Gold hedged 215,000 ounces at an average price of a little more than CAD $ 1,600.  That would be a little more than 2 years gold production.  The current gold price is about CAD $ 1,570 so Atlantic will be generating gold sales at prices better than today's gold price for about 2 years.  We should not be affected by a declining gold price