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Precious Metals
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Re: Borrow against future production. what's hard to believe? it's what they had with the pm miners until the dehedging programs kicked in ten or so years ago...they've been doing it in "third world" mining jurisdictions forever...it's how they roll. one positive: it could be a sign "managing" the pm price isn't quite enough anymore....oil is a lot larger and a lot more unpredictable market though. |
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