"TNG currently has sustaining cash of A$5.6m against a three monthly expenditure of A$1.6m, so will require additional cash to deliver the DFS. We understand that discussions are underway with a major mining company with regards to funding the completion of the DFS and licensing TiVAN®, so an additional call on the wider market may or may not be required but we couldn’t speculate on what the terms of any deal might be if struck. Obviously IP has value as well as equity, and having just bought the rights to TiVAN® outright TNG is likely to wish to realise some of its investment if at all possible."
TNG Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
