Part of the funding package requires that a mandatory 250,000oz...

Part of the funding package requires that a mandatory 250,000oz gold hedge remains in place over the term of the loan, which is 5.5 years (if not repaid faster). Interesting to see what price they lock this hedging in at.......shouldn’t be long before we see an announcement detailing the hedge pricing.

It’s kind of crazy just how asleep the market is when it comes to some of these gold stocks.

The gold price is around A$1,800, the FS shows a AISC of A$1,038 for LOM of 8.5 years. That’s some margin we are locking in and now over $1.4 billion in project revenues if costs are delivered and prices stay this high .Great timing, just need delivery now.

What’s the current MC? Pretty laughable IMO. Esh