Personally I look forward to the day when I can change sentiment...

Personally I look forward to the day when I can change sentiment to BUY.. But unfortunately that won't be till the company wakes up to the drag that Coyote is on its balance sheet and closes it!!

Pesa, your back of the envelope, whilst not far off the mark, fails to include items such as Capital development costs, costs of keeping the mill ticking whilst it takes 3-4 months to get to Kavanagh, interest costs associated with the facility, ongoing exploration, admin etc. When you throw those costs into the mix, it starts to thin out pretty quickly..

Close Coyote and the TAM price goes up in my opinion. Simple.

Take the medicine, it wont taste good but it ensures survival!!

Goodluck

Pete