Ann: TNC secures Glencore partnership - Cloncurry Copper Project, page-116

Yes - they were quoting a dot point from 17th Nov 2023. They have had issues with the SX plant as per ann 15th Jan 2024. Using the production figures from that ann, I get approx $957k of revenue and going by the expenses (last quarter) hard to see how they will make money esp will all the issues requiring attention (and $$).



They put out a price sensitive "update" for a reason - because the ASX requires them to disclose when they aren't going to meet what they have forecast previously (cash flow positive). I'm confident they will be negative this quarter as well.