TAM Questions, page-3

Hi Blue Turtle,

Thanks for the answers mate, much appreciated.

Regarding production revenue, I think NST has 3 years from the agreement to get into production, so I think that puts it about 2 years away. As far as I am aware anyway.

So any exploring or drilling TAM undertake will be away from the Central Tanami Project, because NST is managing that. So it would make sense for them to prove up resources away from CTP.

If they sold Coyote to ABM, would they just be left with the Central Tanami Project with NST? Or are they doing drilling outside of these two projects.

If Coyote has 80,000 oz, at todays prices that equates to a profit of $24 Million (based on a $300 Margin).

If it is going to cost $28 Million to Refurbish it, then what is the point? Or am I missing something.

Sorry for all the questions, just trying to wrap my head around it.