someone pushing price down, page-110

Hi P B, Yes something should be done to stimulate a review, It could be that ABU
Directors have given investors the worst case scenario, & that's fine given the 2 wk
on 1wk off roster & the AU-POG in mid to late December-AGM was $1,475-1,450 au.

It would have been prudent & proactive to also have plan B as a draft-HAVE THEY?
in case to best case scenario unfolded-being the Coyote plant reverting to 24/7 processing
& the AU-POG having risen 20%- currently $1,740 au & thus far!

So with a 50% increase in processing time & a 20% increase in the AU-POG,
I have done some monthly hypothetical comparisons to compare the combined
positive effect on the increase in revenue that would likely be derived from the
increase in recovered gold & gold sales.
( ASIC costs will rise with the implementation of 24/7 processing, but imo would easily
be absorbed by the increase in revenue seen below)
will also be some variation when the Perth Mint refines ABU's gold.

approx. comparisons below

December ;31day's subtract ,7 day's off with plant shut down for week off=24 day's processing-equates to 682t p/day
DEC-16,372t at 6.38 g p/t= the 3,358oz recovered x $1,475au average AU-POG Dec
=approx. $4,953,050au in gold sales revenue for the month of December.

January, will allow for the rostered week off early Jan= same day's as Decembers
processing day's even though Coyote 24/7 processing.
So will use same the same tonnage as through-put as processed day's the same as DEC,
So Jan 16,372t at 6.38 g p/t= the 3,358oz recovered x $1,525 average AU-POG for Jan
=$5,120,950au in approx. gold sales revenue for the month of January.
( No benefit in revenue yet derived from 24/7 processing because of old rostered
week off early January pre 24/7 commencement, extra transportation, labour &
Coyote running costs incurred though, Revenue would be up $167,900au as a direct
result of the rise in the AU-POG assuming same tonnage & recovered gold g p/t as Dec.

The real benefit of 24/7 processing & rise in AU -POG will show up in Februarys production results, will do hypothetical to demonstrate.

February: assumes same recovery at 6.4g p/t x 29day's processing at 682t per day
& current AU-POG of $1,740au.
Would equate to 19,778t processed x 6.4 g p/t =4,070oz x $1,740=$7,081,800au
in revenue this would be an increase over Decembers revenue of some $2,128,750au or as a percentage, a rise by 43%.

This giving example of the effect of the combination of the Coyote gold processing
facility implementation of 24hrs per day, 7 day's per week processing,
combined with the AU -POG rising & gives valid reasoning why the continuation of
running & re leasing of Coyote should be seriously considered as viable & therefore
not in share holders best interest to suspended operations.
imo-only-dyor
gltah-salt