Bingo! Exactly right. I'd be popping champagne if we "lost out" on money above $11,100 to Macquarie on the 4000 tonnes coz there's still the other ~21,000 tonnes reaping the spot price >$11,100. That's some $2000+ higher than our current hedges which is an extra $40+ million a year for copper alone
Ann: ADDITIONAL COPPER HEDGING FOR TRITTON, page-16
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