Ann: Fenix tops up hedge book, page-10

So what percent of production is hedged now?

See: Production commenced at Iron Ridge in December 2020
and is currently operating at the production run rate of 1.3 million tonnes per annum.

and: Seven Fenix iron ore shipments completed, totalling 415,903 wmt of iron ore representing
a Company record
• Continued strong performance at Iron Ridge with six shipments totalling 356,628 wmt of
iron ore consisting of 168,496 wmt of lump and 188,132 wmt of fines

So if 125,000 wmt a month, this 50,000 a month hedge is about 40% hedged?