Hey Josh are u sure you read the financial report properly? TNC didn't lose any money, they just used more than they made which 99% of companies do on startup. To belabor the point before a mine can earn a profit it has to be found, proven and built. The processing plant is producing income and the mine should be operational quite soon and producing income. Read the start up history of Mt. Isa Mine. It contains much information for impatient investors. Same for Mt. Morgan.
Ann: Half Yearly Report and Accounts, page-3
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