a point on hedging

I think the point most people miss when looking at hedging is that it doesn?t create a mark to market debt that is somehow repayable by the company. If ADU delivers to its hedge book it currently stands to make +US 500 per ounce profit and once delivered the hedge for that gold is gone. ADU still makes a profit on the gold regardless of the price at $500, $1000 or for that matter $2000 it just misses out on the potential for additional profitability if the spot is above the hedge.
My question to the rampant gold bulls is will you still hold ADU if the gold price retracts to US$700? ADU will still be producing whether you?re on the register or have long gone and with the current hedge they have (to a certain extent) guaranteed that they will still be viable.