I don't understand why everyone's so down on the Coyote plant deal. It cost us $2m and we got 98 or 99% recoveries. Pretty good in anyone's book, right?
I think we're all due a proper explanation about the grade at the Old Pirate mine. That was the main issue. We were all told it would do 11-13gpt in the year one and the last update was less than 6pgt. Was it the model, are they overdiluting, no one's talked about security issues with the gravity conc???
Do the maths. If we got the GRADE we were meant to get at Old Pirate, we'd have an extra $40m in the bank and we wouldn't have to be pointing the finger at ABM for the dud rights issue.
The royal "all" shareholders, page-10
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