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clock Created with Sketch. 22/08/23
11:41
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Originally posted by Mentalist123:
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Times are a changing! TNC has 4 million tonnes of viable Cu/Co/Au at Mt Oxide. That is production of 500,000 pa for 8 years.Question: why keep drilling? Why not doing a feasibility study now, bring into production and then expand resource.? High grade drill results just beep the stock up for a day or if your lucky two days. Day traders take their money and wait for the next high grade results. I think the TNC Board need to think a bit deeper and become a miner not a promoter. If going to rely on the odd high drill results only, the next cap raise will be under $0.15c. Investors and day traders are more sophisticated in 2023 and all can see thru glass. (no more blur) Remember there’s 100m TNC shares out there from the pre-cap raise done at $0.10c and I’m sure they have itchy trigger fingers syndrome, “right now” Shareholders don’t give a “fig” about a company or the feelings of its directors, “just the company share price”. If a mechanic takes a month to fix an oil leak in your car, you find another mechanic.Go hard or go home.
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Cost to build and operate mine and plant does not justify operation. Why do you think the original owners walked away. Additional resources are required to change this equation.
