Ann: Trading Halt, page-103

The hedge is about 4000 ozs a month or so and therefore the key is getting production up so we can enjoy a bit of the high gold price. I cannot see Macquarie being that unreasonable as they are making a boat-load of money on the hedge right now and as you say out till Sep 25.
In terms of blended revenue it looks like 2/3 @ $2,367 and 1/3 @ [say $2,900] and I make that just over $2,500. Equally on 4,000oz a month at today's gold price, Macquarie are laughing all the way to their own bank trousering over $2 million a month. In short, digging it out is not as good as being the money man..... but not forever!