Please refer my previous posts. I’ve been spot on with everyone....

Please refer my previous posts. I’ve been spot on with everyone. I called TNC would be liquidated by end 2024.TNC has no viable projects. The recent mining BS debacle was on copper veins 1m wide with little or no copper grade. This I know!Great Australia mine is just a white elephant with a $25m government rehab bond and an old decaying office with some old dongas and a busted float plant and an SX plant with no oxide ore to process.I think the money coming in from the financiers is based on the “Last hope” “Hotel California” the Mt Oxide Project. It’s an unknown quantity. Has had more starts then i can count but due to the environmental problems never really got a start. Big stockpiles of sulphide waste ore oxidizing and filtering sulphuric into creeks. As a result the QLD mines dept cancelled the Mining lease. Now just an EPM. Perylia Resources, smart operators I think almost fainted when the gooses from TNC offered them $45m for it. It was a pain in the arse to them. Don’t think then can still believe it. So what does Oxide need? Needs $10-$15m drilling a new updated resource and if all goes well it needs a mining lease granted and a mineral processing plant or deal with Mt Isa Mines for processing. ( Glencore. I say no more in that subject)Looking forward Cost and Time.

1. Drill and assay and new JORC 18 months $10-15m my guesstimate 10m tonnes @ 1. 6% Cu ( that’s all required to get started)
2. Mining lease grant, 3-7 years in QLD because of EPA and bumbling inexperienced, slack people at QLD mines dept.
3. $40 million Govt rehab bond.Repair current EPA problems secure waste $5m
4. Build plant and dams and water supply infrastructure
5. Build 1 -1.5 mtpa, maximum, process plant. $160m
6. Alternate transport to Isa. The grade and distance can handle that. Just need to handle Glencore with an expert negotiator. They are ruthless on negotiating. Lotshidden costs in the detail.What should small-medium shareholders do. Up to you. The wait is 5-8 years. There is a movie appropriate to this 'Run Forrest Run!Mt Oxide could be considered geologically, a decent project. Could be a major project with Copper rising in price. timing for production 5-8 years would be perfect. It’s not really a project for small Cap Punters like TNC has now. Seems to me, TNC have very naive shareholders , based on posts.Needs a consolidationImmediately as new capital comes in.

My guess $60m needed in a raise, less $5m costs leaves; $55m @ $0.02c. If capital is swaped for share placement. Would then immediately need 150:1 share consolidation, or will be a loan @ 6% would be my guess.I’m not a licensed advisor, however, I would imagine one would advise, TNC analysed would long term prospective company, with a 75% -90% chance of success if all of above could be achieved over an 8 year period. It’s a long haulProject.

My guess is that: Current money men have been told. Mt Oxide may be big, really big. Drill it, get a big JORC with high grade and sell it. That would be my guess of where everyone is. But as always DYOR.