TNC 0.00% 5.0¢ true north copper limited

Ann: Appendix 5B Quarterly Cash Flow Report, page-2

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    Bit of a cryptic crossword this one, but basically the cash they have available (taking into account minus 1 month cash burn post this report, plus $1m from the placement) is the Tranche 2 Nebari facility that's dependent on digging new ore (plus the promise of the delayed $4m from the placement minus another month of cashburn). To say they are trying to thread the needle is an understatement - mining restart on the smell of an oily rag. If they pull this off it will be a miracle of astonishing proportions.
 
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