It’s looking like a Hudak–Klees showdown on the third ballot, with the end result a mystery at this point. Here are the round 1 results:

Hudak 3512
Klees 3094
Elliott 2729
Hillier 1014

There is no realistic way Elliott will catch Klees (remember, this is votes, not delegates, so you won’t have people switch their first preference), which means it will all come down to Hudak and Klees on the final ballot.

UPDATE: I’m out for the rest of the day, so check out Stephen Taylor for results. Assuming Hudak increases his lead on Klees (with a Hillier assist), Klees will need Elliott’s second place votes to split about 60/40 in his favour to overtake Hudak on the final ballot. Not impossible by any means, so we could be in for a close finish.