i am not 100% certain but i did not think the hedging had a time-frame on it, i thought it was forward sales of 75k ounces, if it did have a time frame one would preume 12months and if so then that would presumeably commence from commercial production which only started a month back.
just my thoughts
Davo
p.s. as for any other meaning it could also include other mine development expenses and dollars chewed up in overcoming slot firing issues. Also perhaps payments to do with the warrants? though i can recall what exactly the term were.
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