breakout from consolidation pattern, page-3

From the December commentary:

'The remaining hedge position was 179,500 ounces of flat forward sales at US$861/oz.'

'The gold hedge book presently comprises 399,000 ounces of flat forward gold sales at a price of US$846/oz for delivery at quarterly intervals from May 2009 to February 2013.'

I am correct in stating that given the above further decline in gold price will actually benefit MDL?

Dont like the hedge on oil though....