This is actually incredible.
They were able to hedge the entire 2021 production at a premium to current prices.
For 2.4mtpa, current prices of 245us/t (318au$/t) and All-in costs around 120au$/t, we are talking close to 500m au$ in free cashflow secured, more than the entire market cap in one year.
Ann: GRR - Quarterly Report for 3 months ended 31 December 2020, page-6
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