1. Tiger has to pay around total int. for drc bank and loans of...

1. Tiger has to pay around total int. for drc bank and loans of 23mn

2. Tiger needs to pay back the full open loans of 187.5mn till 02.2024

3. Low copper = tgs makes no money equals cashdrain.

4. High copperprice 2.20, 2.30, 2.40? (depends what you mean with high copper price) needs to be over 2.50 (avg.) for the next 8 years that tgs would meet the covenants and pay down interests and debt or the debts will increase with capitalised interests to an unpayable never ending story. And also the shares which we have to issue for "capitalised costs".

And if the copper price after 1 or 2 years will go down again to 2.20$ lvl other companies will survive but not tgs or just as a dead horse...

4. You see also with "high" copper of 2.30 we aren't able to make profit after all payments!

5. You need to learn to make a difference between relativ calculation and absolut figures..

6. With yr comment you have shown us yr perfect amateur knowledge. If an investment would be that simple every dumb naiv people would be the richest. But it's the opposite.

Your calculation should go further after interests, tax and repayments. Maybe you forget that the cash is the heart of every company and if no cash will be generated because of debts (repayments) your calculation is poor and wrong.

You should say: low copper (2$) no money, high copper (2.30$) no money, but with very high copper (what no one of all of us has ever expected before trump election) of 2.60 and more for the next 8 years we will make money but not if we are below an average of 2.50-2.60$ in the period till 2023/24