Gold producer 1.3c in cash ., page-7

Hey Gassin from a risk perspective what do you think about the below if the bears start to win some ground on the POG?

"Unity took advantage of the volatility in the A$ gold price during December 2014 to enter into gold hedging contracts on favourable terms. 15,000 oz of gold put options were acquired to hedge approximately 70% of Henty’s forecast gold production during January to June 2015. The puts provide the company with the right, but not the obligation, to sell 2500 oz of gold per month over that period at a price of A$1445/oz, while still retaining full exposure to any increase in the gold price above that level."