TNC 1.92% 5.3¢ true north copper limited

Mentalist123, page-21

  1. 61 Posts.
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    Mentalist123. Most of it came of the two dump leach pads at Mt Norma which was previously leached by CopperCorp which was abandoned as uneconomic. If TNC crushed it there will be some fresh oxides exposed for leaching. Remember how much it would have cost to get the material over to GAM, crushed and dumped (photo does not indicate stacking so assume truck dumping). The true economics as opposed to the visuals are what is of interest, and all I see is red ink followed by multiple share dilutions.
 
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