Timmins - Montana - Mexico

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Message: Hedged

Hedged

posted on Sep 13, 2009 01:06PM

anyone...opinion on the 5/09 to 3/13 (46 months) hedge @ 250000 total oz/au @ $876..(5434 oz/month and = to our current production)...seems at a time of increasing value in gold...we are locked in at $876...then on top of that we are further locked in to exchange C$ at 1.21 to 1, at a time again when the US $ is falling....this is a serious flaw in Apollo's future

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