You can imagine the PoGRoo in a few months if the CBA analysts...

You can imagine the PoGRoo in a few months if the CBA analysts are correct. This would dovetail into the release of the resource estimate and may be a significant uplift factor for ALK. Although the hedge deal now seems disadvantageous it was safety first from the BoD. As NE said in one of the interviews recently (ooh so briefly but so profoundly) "hedging is a matter to ensure you stay in the game". The hedge decision is one of the most critical a BoD can make and imo they made the right decision at that time. The balance of annual production outside the hedge deliveries will be at spot I imagine so we gain there.