Always the way - timing is everything.CYP has run 25% off $1 at max already....
Hope for everyone the worm has turned in your stocks last few days.
Gold stocks are outperforming, DCN and RMS looking good.
AUD has broken and held 1800. hit 1822.
A lot of these guys will be making $500-700 ounce gross profit.
Does anyone have some stats on gold hedging for their gold holds?
Be good to see who is fully leveraged or hedged at what level.
GCY (WA) one to look at as start up teething issues, but they have been punished below costs of plant....so the gold price will help producers like this ramping up.
RMS have 145k ounces hedges at around 1750./ 200k pa producer.
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