bots or wots, page-16

I have doubled up at 58 cents today. If it drops to 50, I will double up again.

I personally see NO possible chance of toll treating Old Pirate ore at Coyote. ABU have emotionally committed themselves to going it alone now. What follows is that TAM must invest in new exploration on the WA side of the border to replace the ounces that they are digging up. I would not be surprised if there is a JV on the table in the next 6 months. In the mean time my drilling contacts tell me there is another major drilling push starting at Coyote this week.

The recent problems at Coyote have been plant based and operational. It is reflective of a running too lean and mean which is of course a fine balance. By running so lean they have driven up their cost per ounce.

More whispers make me think that the December resource upgrade for TAM will be substantial. Ground Rush/Central Tanami Mill BFS will be done by May and Capital Raising by June with recommenced production at central tanami within two years.