A golden opportunity?, page-184

ASIC expanded,@ $15,000,000 ASIC per qrt divided by $1,530.00au pog per oz
=9,804 oz - 304,904grams, 39,216 oz p/a-,
304,904gr divided by 7.6gr recovered gold p/ t  =40,119t per qtr,
160,476t p/a-asic covered.

Below gradual increase in gold recovered grams per tonne scenarios,
-(post coyote saturation & reverting to normal operation).
Assumes ASIC although extremely high @ $15,000,000.00au per qtr,
(likely will reduce moving forward ).
Production @ 150,000t p/a.
(no allowance made for an increase by moving to 24hrs 7day,s week operations)

1)150,000t x 8.5g p/t=1,275,000gr-40,996 0z x $1,530.00au pog.
= Approx.. revenue =$62,723,880.00au p/a.
ASIC @ $15,000,000per qtr=$60,000,000au p/a.
differential residual profit  =  $2,723,880.00au p/a.

2) 150,000t x 9.5g p/t = 1,425,000gr-45,820 oz x $1,530.00au pog.
= Approx. revenue    =$70,104,600.00au p/a.
ASIC@ $15,000,000 per qtr = $60,000,000.00au p/a.
differential residual profit  = $10,104,600.00au p/a.

3) 150,000t x 10.5 g p/t= 1,575,000gr-50,643 oz x $1,530.00au pog.
= Approx. revenue =   $77,483,790.00au p/a.
ASIC@$15,000,000 per qtr = $60,000,000.00au p/a.
differential residual profit = $17,483,790.00au p/a.

4) 150,000t x 11.5 g p/t = 1,725,000gr-55,466oz x $1,530.00 au pog.
=Approx. revenue =    $84,862,980.00au p/a.
ASIC@ $15,000,000 per qtr =$60,000,000au p/a.
differential residual profit = $24,862,980.00au p/a.
Note only meeting ABU'S production guidance here.

Although very early day's re; old pirate mining & coyote processing,
(& much has been accomplished), we are running a business, revenue
must be increased  & costs reduced reducing risk thus allowing for future
organic growth through profit with out  dilution to existing share holders.

Would like to see Directors consider.
Halt exploration expenditure only until cash flow residual dictates recommencement.

Increase production throughput by moving to 24hrs x & days operations,
coyote currently has an 50% underutilised  processing ability, provided 225,000t
p/a of mineralised ore can be extracted, considering we have access to four open pits,
& could give priority to on the largest ore body -golden hind.

Give clear breakdown of ASIC costs with forward guidance & reasoning inclusive
in all future production updates.

When cash flow allows resumption of exploration & continuation of targeting close to
surface & coyote operations deposits.

When cash flow allows  acquire coyote outright & obviously consider associated tenements
if asking price reasonable, allowing for further expansion of coyote production by installing
a second mill & thus utilising mineralized ore from the close by acquired Tanami  tenements.
imo-salt