solid bagger - MOY - overdelievering management, page-103

CY162 production guidance of 80,000 oz – 85,000 oz pa at AISC of $1200 oz. "

24,122 ounces to be delivered by September 30 2016
at an average forward gold price of $1608/oz

leaving 60k oz available ..that may be hedged at $1700 or more ..if Gold holds up into 2017.
at $1700au oz..$500 margin x 60k oz = $30m of FC

so 80k oz x $500 = $40m of FC ..

Lets hope they can Drill and Build on their Gold reserves in ground..to beyond 5 years