Most of all, there is some comfort in knowimg that we have forward sold 126,000 oz @ US$1,358...a locked in profit of around $115m or 15.4c a share on a fully diluted basis.
The only profit that has been locked in at the moment is $1 million ($1358 an ounce compared to todays price of 1350).
NO profit has been locked in until they produce the gold at $350 an ounce and sell it at 1358,Its a great way to minimise downside rick, but there is no locked in profit of 15c a share at the moment, its only locked in if they can produce.
Most of all, there is some comfort in knowimg that we have...
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