That's the way I read it. We are guaranteed $10k a tonne, with a maximum of $11100 a tonne. Anything above that is Mac's to keep. So looks like 33% of monthly production hedged like this for next six months at zero cost to us. You should read this as a huge endorsement from Mac that copper is going up in price..
Ann: ADDITIONAL COPPER HEDGING FOR TRITTON, page-4
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