"The mine plan is sound but it is small scale - ABM don't have access to capital to develop Old Pirate. If, for example Metals X or Northern Star owned this project, you think they would follow through with a 50kpa operation? Hardly mate."
* I think you have answered your own question, This is not Metals X or Northern Star.
* On of the highest grade surface deposits in Australia. 5 times typical open pit grade. With grades like that, no real need to increase production until they get the cash behind them.
* Coyote gold plant 240 ktpa.
* Proposed 150 ktpa to be mined and processed in first year.
* 50 - 60 ounces of gold produced.
http://www.abmresources.com.au/wp-content/uploads/141125_MD_AGM_2014.pdf
* ABU Do have access to capital, if needed.
"What would happen if say a company brought out TAM and locked ABM out? A very high project risk indeed"
*ABU has the option to purchase infrastructure, mineral rights & tenements for $3M after year 1 or 2. I would assume they would have singed contracts with hefty penalties if breached. Not so risky.
"The mine plan is sound but it is small scale - ABM don't have...
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