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Re: mjkiii post# 1558

Friday, 05/21/2010 7:36:46 AM

Friday, May 21, 2010 7:36:46 AM

Post# of 26631
The beauty of doing the five year gold for cash debt deal to me is that it immediately makes the Company debt free AND it hedges PTQ if the POG should drop drastically lower for whatever reason.
I personally don't think it will, but they also very wisely had the part written in about the $1250+ POG escape clause, so IMO that would be a win-win situation for us. It also gives the Company good exposure with this BIG commodities entity and banks that might be involved in the deal.
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