MW,
Yes, I'd be happy to see a bit of hedging covering up to half, for the next 6 to 8 months around current pricing. Might take some icing off the cake, but it would be reassuring if we hit another credit storm.
With our cash costs below 80 we should be pretty safe now though, but locking in some profit wouldn't hurt, and as you say at least the principal repayment later in the year.
EL
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