Advice on an Odd MTT Structure

[RavenJackson]

I am playing in a local private MTT. I just received the structure information and I think that I am going to play this like a freeze out with an add-on. What are your thoughts?

Entry Fee: $60.00 ($3,000 in tournament chips)

Re-buys: $10.00 ($1,000 in tournament chips, only available in the 1st hour of the tournament, when chip count is under $1,000)

Add-on: $20.00 ($2,000 in tournament chips, only available at the end of the 1st hr.)