Dread if we have presales organised over 2 m tonnes of ore and...

Dread if we have presales organised over 2 m tonnes of ore and we assume todays pricing, then we will receive 2,000,000 X $US 115 = US$ 230,000,000 less what we have already been paid in presales. It will cost us A$ 110,000,000 to dig it up.

I really don't see the issue. 3% is the discount to spot we are getting. Cheaper than any other kind of funding. How else are we supposed to operate???? I say presell as much as we can while the discount to spot is so little.