Ann: ABM Secures Coyote Plant for Treatment of Old Pirate Ore, page-31

"From the beginning you have always shoot down the idea of ABM using the Coyote mill"

I was against toll treatment because that generally takes away too much of the profit margin and the gravity plant seemed a better option than toll treatment. Toll treatment is best suited to situations where upfront capex is prohibitive. E.g. too few ounces to justify the capex for owner operations. That was not the case for ABU.

I don't recall being against acquiring the mill. If I'm wrong about that I'm sure someone will find an old post. If I was against it, I would guess it might have been on the grounds of what it might have cost to buy but this deal looks very good as it is very low cost in total and much lower cost up front and lower risk with the lease and option to buy. It also looks more attractive now based on the recoveries from the trial plant not being as high as its potential from gravity only. 86% achieved to date is good but still short of the potential to 92-96% so 97-99% expected from Coyote now looks more appealing compared to 86%. I also like going straight to 240ktpa rather than having to start off smaller (as I posted earlier). I also gave other reasons earlier.

I do recall being against taking over TAM when that was discussed. That's a different situation though. If I said I was against acquiring the mill then you'll have to jog my memory on that so I can respond to whatever you remember me saying.