ABU's Coyote processing facility likely near term completion of gold, page-3

Hi all, Further re; coyote-  (Assumes -increased gold recovery once coyote processing plant  saturated)

Current production- 365day's-(2wks on-1wk off)=66.6% of day's-243days of production,
x 650 t per day =157,950t, less 5% = 150,000t p/a.
150,000t x head grade of 10.9g p/t, less current less tail grade o.o5g p/t= 10.85g p/t


Therefore;
150,000t x 10.85g p/t=1,627,500grams =52,331 oz gold.
52,331 oz x $1,600au pog = $83,729,600 au.
52,331oz x aisc of $1,189.00 = $62,200,000 au -(4 x qtrs. x $15,550,000 )
Indicating profit of    - $21,529,600 au. Margin- $411.00 per oz

AISC;  seen in recent quarterly update may only have been, associated with early
expected increased costs through commissioning of coyote & development of old pirates
4 x open cut high grade surface deposits, although these costs will likely reduce further,
i have thought it prudent to use them as projected costs for the next four quarters, as it
can be seen even with elevated aisc that are very likely to reduce the project is generating
good positive cash flow


ABU has recently stated they would be able to process 250,000t through coyote,
I will reduce this down to 225,550t p/a, for projections,
& assume coyote is saturated .

365day's p/a less 5% lost production time contingency =347 productive day's when
24hrs day 7day's per week operations commence 347 day's x 650t per day =225,550t p/a.
and any of the 5%-, contingency day's, adds to stock pile reserves .

Therefore;
225,550t x 10.85g p/t =2,447,217 grams=78,688 0z of gold as indicated recovery,
78,688z x $1,600 au pog =$125,900,800 au
AISC-$1,100.oo au = $86,556,800 au- margin- $500.00 au per oz
Indicating profit of  -    $39,344,000 au.
In line with my original statement re;asic costings, i would expect AISC costs to reduced
- further increasing profit.
imo-salt