Mentalist 123, page-17

Oldcar, you seem to know what’s going on in the mining industry. your history on Hot Copper goes back to 2017 with thousands of posts in hundreds of ASX companies. So you are obviously someone who knows the business and is quite obviously still practicing in the business as a Geo/min eng/metallurgist? Regardless, seem on the money in relation to reading some of your multiple posts. Nearly all yr predictions came true. So Oldcar, if your predictions on ounces required 1500 ounces a month and another poster said “ the scoping study, says, the Golden Mile will produce 15,000 ounces over 20 months”. But if the GAM plant is being removed in 3 and a bit months what happens? Does it all stop.?There is no other plant in the area other than The Lorena plant but TBA needs to find $5m cash and boatload shares to pay for it. ( still doesn’t own it). TBA say still have to refurbish it and they say have to build or lift a new tailings dam. Also, another poster says: “there is no power source was repossessed, no crusher, buildings are all leased.” My question Oldcar is where will all this money come from? If you are correct in your assumptions, and TBA need 1500 ounces a month and they need $4m a month to stay afloat and the GAM plant is no longer after March, available, what’s your truthful forecast on TBA remaining a going concern? To me sounds like another capital raise or loan of some description, but looking at it on its merits, seems to me and everyone with a capable thinking brain, “there’s not, and never was a proper financial plan.” Seems never a budget. Seems mine operators say: “sorry cost more than we thought, get us some more money.” That’s the picture starting to come into focus quite clearly in my view. So question for all the experts: out of 10. TBA surviving without a massive capital injection? This is like a mentalized rollercoaster ride. Sweat running over my computer and I’m not even hot.