Just beginning the search for a potential M&A target. TNC is appearing on the radar first as a likely candidate. Also recently raised for a restart of their Cloncurry Copper Project. Low AISC, reasonable grade. However current defined mine life isn't that long (<5 years). Pending further exploration potently expanding reserve life. Though looking to get into production getting copper out of the ground this year.
It does seem to tie in with the hub and spoke model but I'd wager they may be waiting for an updated resource result would be if they're looking at this prospect.
Disclaimer: I do not own any TNC shares.
A1M: General Comments, page-552
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