In relation to your first comment I would like to mention that that the hedging in Sept 2022 quarter was higher than in the new hedging policy started from Dec 2022 quarter.
Without providing numerous numbers what can be easily be checked that if the IOP will stay at the same level as they have been so far this calendar year (in January 2023), an easy estimate shows that the company will be able to generate almost AU$21mln in profit before tax for a quarter. Obviously, if the production level, the C1 cost and the shipping cost are the same as in Dec 2022 quarter.
Ann: Quarterly Activities Report, page-14
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