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As at 30 June 2010, the Company’s gold position stood at put options bought over 154,347 oz and call sold options over 90,810 oz, at an exercise price of A$1,250 per ounce and expiring in monthly amounts through to December 2011. The put option program underpins expected strong cash flows over the next 18 months, not only ensuring the initial project capital outlays are recouped with minimal financial risk, but also leaving Saracen with considerable exposure to a rising gold price. The call options sold over 90,810 oz at a strike price of A$1,250 per oz represented a modest 10 percent of Saracen’s Ore Reserves and allows Saracen to benefit from a rising gold price for the balance of its Ore Reserves. |
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| aus der Diskussion: | Die neue "Focus Minerals"! |
| Autor (Datum des Eintrages): | nnah (02.09.10 22:03:11) |
| Beitrag: | 101 von 194 (ID:40092268) |
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