aud 1500, page-2

gold is currently AUD$1490, I would be happy if they did a Short term hedge at AUD$1450-$1480, as long as traders see this as a positive and they start buying this stock finally than who cares. I just don't want them to hedge for the Long term at $1500 because LT gold will be $3k+ and pxg will be $1+, a ST hedge at around $1500 to get the development going would be ok if that's what the market will like.