management need to wake up, page-13

Have to agree about the website...pretty slack! Anyway, I actually emailed Mr Sloan about 2 weeks ago and he rang me back. I queried whether TAM would be able to pay back the loan from Honkers by the due date and could we ever expect an updated resource estimate. He said Coyote is actually producing gold from the stoped ore and a pit that has been re-opened. The u/g veined system is meeting grade expectations for continuity and is even a little more mineralised than thought from the mine model. Cash positive isn't far off and he was hopeful there would be no problems re the HK loan. A resource update is currently being undertaken and reason it hasn't been done b4 now is the nuggetty nature of the gold in the rock. He compared the ore to a salt shaker with sultanas in the salt.

Hope that brings you some joy.


Cheers all,
beast



Not to be taken as investment advice and ALWAYS DYOR!
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