Coyote has probably been the most unloved of BC8's projects, but having had an interest in that mine since the Tanami Gold (TAM) and then ABM Resources (ABU) days, I've had high hopes for this project. There's definitely some significant high grade gold there, and even back in the 2014/15 era when the gold price was so much lower, Coyote had some reasonably profitable spells, but the lack of access in the wet season was a major brake on operations and profitability.
Now with a very much higher gold price and greatly improved access, the future for Coyote is looking very bright, even at 3.7g/t and an AISC of $1,613. Once the infill drilling is completed I'm expecting that the grade will improve to around 4.5g/t and an AISC of around $1,500, and there will probably be opportunities for toll treatment from the region to add to the main income stream.
For BC8 holders who bought in back in the 4 years or so when the SP was above 70 cents (and up above 90 cents for a time) I believe that they could well be back in the money by this time next year.
BC8 Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
