TNC 2.13% 4.6¢ true north copper limited

Ann: Copper Sulphate Production Update - August 2023, page-9

  1. 17 Posts.
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    My numbers from the releases and prospectus..

    120kt Mt Norma ore (JORC measured group- prospectus) x .02 (Average Grade 2%)= 2400t contained copper

    You never get more than 80% recovery from SX over a 3-5 month basis

    2400t Cu x say 70% recovery= 1680t recovered metal

    1680t recovered Cu x 2205 (to convert to pounds)= 3.7M pounds of recovered Cu metal in copper sulfate form.

    Current copper price $3.84 per lb USD (*****metals.com) = $5.96 AUD per lb

    $5.96 per lb (AUD Cu price) - TNC AISC $1.40 per lb

    = $4.56 AUD per lb profit (for copper sulphate production)

    = 3.7M pounds x $4.56

    = $16.87M profit from crystal production over 5 months basis.

    One would imagine this is going to pay for Mt Oxide/Cloncurry exploration and ops.

    Another box ticked in my opinion.... Look forward to seeing the mining re-start- they are saying decision out shortly..

    We are due for another exploration announcement!!







 
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