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Right? We sell the copper ahead.
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Commodities exchange and it all works. It's fine.
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We're making a fortune.
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And then there's something that I hadn't accounted for.
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A variation margin.
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And that friendly Russian government... not so friendly anymore.
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They're blocking the exported copper.
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So I got to pony up.
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I got to put the cash in to cover the hedge.
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But I'm not worried about it because it's still springing money.
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There's so much money coming out of this ground,
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You can't believe it.