TNC true north copper limited

I hear you on the quality front, but to be fair getting away...

  1. 1,266 Posts.
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    I hear you on the quality front, but to be fair getting away offtake agreements for both the sulphide and sulphate products, getting the financing/refinancing done in a very tough environment and coming up with a pretty decent restart study does deserve some credit. Whether or not that's the guy in charge or the major backer (Tembo) pulling strings behind the scenes I'm not sure (I have my suspicions).

    The issues have been the poor production ramp up on the sulphate product which has been really exacerbated by very poor comms coming from the MD office. The latter being an issue that's going to keep following the MD for some time to come and ironically, will probably lead to the main issue sorting itself out to our benefit.

    The ambition to build a self funding model (start small projects, generate FCF to be used in bringing the VERO Monster alive down the track) was always lofty and subject to a few wobbles (eg small project #1 going cash flow -ve doesn't provide a lot of good karma) The question I'm asking myself is what happens if they start hitting production targets (sulphide in particular)?

    ...the negativity dissipates and you're looking at something pretty special going forward.


 
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35.0¢
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0.045(14.8%)
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Last trade - 15.59pm 19/06/2025 (20 minute delay) ?
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