Share Price, page-21

Hi Bob, Well articulated explanation-Could also add that the grade recovered
at 6 plus grams per tonne was not enough to sustain expenses associated
with O/P -haulage at 150km's round trip & running the Coyote gold processing
facility at only approx. one third of design capacity & throw in a 2 mil lease severely negatively compounded any possible - R.O.E- by extremely high costs & low tonnage through-put at COYOTE.

As you have mentioned a small efficient economy of scale underground mining
operation with little dilution & Coyote's 6g p/t average recovered gold from O/P
is no longer relevant.
Should such an operation eventuate its almost laughable that 6 gp/t would
be considered a drastic low & likely not any were near Datum -just mid range
recovery with out all the dilution experienced should result in a double figure
g p/t recovery & given there is only a handful of mines in the world with
recovered gold at over 10 g p/t, I doubt its the last we will hear of Old Pirate,
the more the POG rises the higher the potential of it becoming reality imo.

Yes ABU's optionality is thankfully there in vast quantities, I was today reflecting
on B.L's comments that confidentiality agreements had been signed with entities
whom were giving consideration to potential Joint Venture agreements with ABU,
if entities were interested then- with the rise in the POG, it is possible some may
be giving serious consideration to advancement of earlier discussions & developing
J.V's with ABU.

ABU has over one hundred recently prioritised highly prospective walk up drill targets.
We are soon to hear of the very first drill core lab results associated with Hyperion's
shallow extensional discovery- that just happens to be positioned within convenient
trucking distance from Northern Stars planned substantial expansion of the Central Tanami Gold Processing Facility.
Yes given its a 7,500 mt drilling campaign once results begin there should be a
steady stream of reported drill results being announced !

Who knows Bob we could be drilling on the tusk of an elephant size deposit, recalling that
we have already had intersections at 300mts & 600mts along strike from Hyperion's
200,000 OZ shallow deposit-that's already potentially of substantial size, be nice
to confirm consistent grades through-out.

Its somewhat comforting to also have yet another string in ABU's bow-with the much anticipated drill core results from Bumblebee pending, with a 6 million au exploration budget we are also in for a steady stream of results from our joint venture partner-IGO.
Been a long time between drinks-Ring the BAR BELL-ABU-RING it long & hard-may the result be free drinks all round- in the not two distant future, as its been a thirsty long enduring haul down the Tanami track for us all!
imo-gltah
salt