The MATSA project has ~69000 tonnes of copper hedged at $US4.18 across 3 years.
Zinc is hedged at $US1.30, which is below market price at the moment.
MATSA is expected to produce around 100-120kt pa CUeq
Over a third of the yearly copper production is hedged.
The AUD is dropping against the US dollar.
What am I missing?
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