market capital, page-28

No problems and thanks. I do understand a bit about mining (been in the game all my life), I am just not a finance/investment guy.
As I said, I am having real troubles understanding why this was done. I understand the $1.5M for opportunities and I understand the $1.257M for working capital (unsure why they need it but not an issue).
Just want to know what the $3M for the DSRA is about. Sorry, I won't wear the time value argument, cash is cash. Depending on the terms of the hedge, it is often possible to cash it all in if that is the case that gives the best NPV result, but best wait until gold price goes down. If gold price keeps going up, the hedge becomes worthless.
As stated, it does not smell like a normal operational decision. I doubt if I will get a straight reply.
Other than that, have got great faith in the future here