You are not missing anything. But surely the aim is not just "to make money," but to maximise profit potential which means not capping the upside price received.
It will be quite embarrasing if IGR is delivering say 50,000 ounces of gold at A$1359 if the price is A$2000. That's more than A$30 million down the drain for those ounces.
gold up $29au, page-23
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