Ann: Corporate Presentation, page-12

The hedge book is spread over a few years. FY20 guidance 500koz Au, FY21 guidance 600koz Au. SAR still has a larger part of their ounces which will benefit from the higher PoG. A lot of punters have been criticizing gold companies for their hedge books, hindsight doesn't matter lol. SAR making good money, long LOM, good margins.

When the east pit wall is remediated at the Superpit AISC will come down further and the ounces will increase from that operation. Estimated to take 3.5 years but still making money off it in the mean time.