Your right. The benefit of the hedge certainly helped and with IOP recovery now well and truly here, the big question is can they deliver a final half year like last year ie circa $50m NPAT? You would hope so since we didn’t get a full 6 months of mining back then. The counter to that is we weren’t spending money on Scorpion exploration either.
Time will tell and the next quarterly update in 6 or so weeks will be the first indication of what that might look like.
Ann: Half Year Results, page-4
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