SRA puts $36-million zinc hedge in place

Nov 21, 2007 | 09:27 AM | Meghann McDonell

Strategic Resource Acquisition Corp. has completed a hedge option to sell 13,608 tonnes of zinc at a premium to the metal's current price on the London Metal Exchange, the company said Wednesday.

The option was set a $2,645 a tonne ($1.20 per pound), a 19-percent premium over the metal's three-month final kerb on the LME Wednesday of $2,220 per tonne.....

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