I think you are pricing the loan in USD and the costs in AUD, so not quite all gone. Your point is still valid though. A large chunk of the loan is chewed up. I'm sure the plan will detail that they have exactly the right amount of cash to start mining and cash flow. Question is can you believe it? The management isn't exactly instilling confidence on that front.
TNC Price at posting:
9.2¢ Sentiment: None Disclosure: Held
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