As stated in an ASX release recently, TAM were reviewing the reserves and resources at Coyotte, including that of the underground.
Anyone know when they will be announcing the result of this review? Will it be early January 2007?
Judging by the fact that they have not been able to mine reserve grade so far, it does sound like it will be a reserve downgrade and not an upgrade.
Anyone know how much cash they have following the auction of the partly paids, adjusted for working capital, mining fleet demobilisation, plant rectification works?
Do your own research.
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