Not out of the woods, but can definitely see the road.
Hedging is unfortunate but was a prerequisite for project funding. The company will have a choice of being able to reduce hedging or payback Loan at BBSY + 3. Or a combination of Both.
Within the company control is the Mine. And from this perspective, it appears we have much blue sky to enjoy. The hard work has been done. Indications from grade control drilling are that the grade will be higher than in the DFS. This will make a significant difference to % hedged and Cash Book.
Ann: Quarterly Activities Report, page-9
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Change
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