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 Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL

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To: PaperPerson who wrote (3667)4/11/2011 9:11:09 AM
From: Tim Lamb of 4686
 
PP:

They entered the hedge for 1/4 of their 2011 silver production last November at $27. This guaranted being cash flow positive in 2011 if silver retreated back to $20. So 3/4 of this years production unhedged.
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