re: Ann: Phoenix to stage development project... kevlsy, you do...

re: Ann: Phoenix to stage development project... kevlsy, you do know that MYG had managed to hedge their gold at something like 1800$ ?? Hence the justification for them in using a higher gold price? Go and read their hedging arrangements..

They even had some company Sandstorm to front up a big amount of capital in exchange for forward selling their gold ( in addition to their hedging arrangements)

However even that did not work out for them...