TNC has ~44 EPM's on all of which ( I assume) rent is being paid and compliance met. That costs a tad. Then the statement that there will be no mining for ~12 months. Seems to me some of these EPM's need to be changed into ML's before any mining can start anyway and that could take a few years and a bunch of $$ . Then the chiefs keep mentioning debt free but don't mention the 2026 debt. Am I wrong here? Then if and when an ML or more is/are granted there remains the cost of setting up the mine(s) which one would estimate could take ~$50,000,000.00 depending on the set up plus the set up time. So what's the estimate from the top guys for capital required and time taken before the 1st pay cheque???
TNC Price at posting:
40.0¢ Sentiment: None Disclosure: Held
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