TNC true north copper limited

6.49%

36.0¢

It's fair that the high temperatures have impacted production,...

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Au9999

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17/01/24

09:45

Post #: 71916080
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Originally posted by hazza25: ↑

You do all understand that TNC is a company that is only 6 months old?
I agree that some timing declarations from the board have been optimistic and it may have been better to keep the time-lines more vague.
I have never seen or experienced a mining begin operations at name-plate production levels from the get-go.
Note the statement that TNC Cloncurry operation had 23 days (out of 31 days) in December 2023 where temperatures were OVER 40 degrees C.
Basic knowledge of physical Chemistry tells you that to precipitate a crystal from any solution one must get the concentration to a point above its solubility. Solubility of almost any partical INCREASES with temprerature. Increased solubility of Cu from a Cu Sulphate Pentahydrate solution is no exception.Increased solubility = Reduced crystallisation = Reduced Cu metal production. BUT GUESS what, the stuff that has not crystallized does not disappear and can be treated again at lower temperature when conditions permit.
Also note that Cloncurry is targeted to be about 10% of the production mix at this point.
I, personally, am keeping my eye on the long term target production of 12000 T.P.A of Cu for TNC.....which again has been stated as expected to be about 20% to 25% of their eventual income stream. GAM //Mt. Oxide and Vero all contaln meaningful amounts of Cobalt / Gold / Silver and possibly other metals.
TNC is paid a PREMIUM for each ton (1000 kg) of Copper metal supplied to Kanins for this specific reason.
12000 Ton X ( +$12000 to $13000) AUD per Ton = LOTS !
If THAT is the return they are going to return...then I do not mind if it begins first week in February 24 (which it won't or indeed if it does not begin ramping until some reasonable time thereafter.
I am looking / expecting my return to be reality some time in 2025 maybe.
After all, production needs to RAMP UP...to the steady state and that can take more time than you may think.
It is the END RESULT that matters.

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It's fair that the high temperatures have impacted production, but that's not the point!
High temperatures in Cloncurry in December are standard. The co knows it is going to be hot and should plan and forecast accordingly. ie. It's not an excuse for poor performance.

TNC Price at posting: 8.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 36.0¢		Change -0.025(6.49%)		Mkt cap ! $45.85M

Open	High	Low	Value	Volume
38.0¢	38.0¢	35.5¢	$59.36K	160.4K

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No.	Vol.	Price($)
2	140297	36.0¢

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Price($)	Vol.	No.
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1	137520	0.360
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0.390	58717	1
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