TAM 0.00% 2.8¢ tanami gold nl

Hi Pythagerous 1) Not sure though suspect separate 2) It doesn't...

  1. 170 Posts.
    Hi Pythagerous
    1) Not sure though suspect separate
    2) It doesn't mean that though it is true: Central Tanami Project contains upwards of a million ounces (i.e. World Class) whilst Coyote contains only about 80,000 oz (Kavanagh orebody). Coyote does contain a functioning ~30tph mill and some tailings capacity together with a serviceable camp and airstrip, however, it is saddled with ~$28m rehab liability: hence the cheap 'Buy it Now' price.. No offsite mining/exploration leases are included in the offer.
    3) Yes
    4) Good question... they are exploring around the old Bald Hills area and also to the south of Coyote: they have lots of ground so it's fair to say they'll put effort into developing their geological knowledge further. I wouldn't anticipate any production revenue from Tanami Central anytime soon though: 3 yrs would be my best bet.

    BT
 
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