Mate the way this mob burn through cash whether $US or $AUD doesn't make a difference to this lot. BHP runs their admin with less $$$. How can a little Penny D like this spend $5M on admin/staff costs in 3 months and $2M on production with revenue of $766k. Revenue from Copper Sulphate is $766k but cost to produce is $2M? The second tranche of the loan requires "Commencement of commercial production of sulphide ore" first need DFS, then Plan of Operations approved by the Department of Resources (12 months), this first tranche will be long gone by June 30th.
TNC Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held
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