re: Ann: Commercial Production Commences at N... loki..can you believe i got a partial hit (top up order)yesterday at 0.61.
The only thing to be mindful is 290oz hedged at US$1075
If they were to feed this out each year at a rate of 60koz then they are missing out on approx $16mil pa assuming current gold prices.
So more than likely they may buy out the hedge (capital raising).
Ann: Commercial Production Commences at Nzema Gol, page-3
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