So in other words the 100,000oz number was correct and the...

So in other words the 100,000oz number was correct and the finance agreement with Macquarie ties them to hedge at the (average)$2825 number (average) for 100K 0z. And when is it expected that ALK willbe tied to that price. From before June 24. See the following from the ALK Gold forum presentation:

"$50M debt facility with Macquarie – and 100,000oz hedging @A$2,825. Expect to draw on facility before Jun 24".

So where was my error? A typo. I typed $1800 instead of 2800. Something you could have easily drawn attention to and I would happily have conceded.

Which leaves us with the legitimate question I asked. How do you calculate that there will be plenty of production above 100Koz for ALK to charge the spot price. Seems like you concede in your post that they will be pushing to get to that level of production. So you can choose to answer that question or not. Truth is I dont much care. You're behaving so defensively I dont know that you're answer is going to be anything other than a defense of your irrational behavior rather than a well-thought-out opinion.