Cost to build and operate mine and plant does not justify...

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tablelander001

77 Posts.

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22/08/23

11:41

Post #: 69475152
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Originally posted by Mentalist123: ↑

Times are a changing! TNC has 4 million tonnes of viable Cu/Co/Au at Mt Oxide. That is production of 500,000 pa for 8 years.Question: why keep drilling? Why not doing a feasibility study now, bring into production and then expand resource.? High grade drill results just beep the stock up for a day or if your lucky two days. Day traders take their money and wait for the next high grade results. I think the TNC Board need to think a bit deeper and become a miner not a promoter. If going to rely on the odd high drill results only, the next cap raise will be under $0.15c. Investors and day traders are more sophisticated in 2023 and all can see thru glass. (no more blur) Remember there’s 100m TNC shares out there from the pre-cap raise done at $0.10c and I’m sure they have itchy trigger fingers syndrome, “right now” Shareholders don’t give a “fig” about a company or the feelings of its directors, “just the company share price”. If a mechanic takes a month to fix an oil leak in your car, you find another mechanic.Go hard or go home.

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Cost to build and operate mine and plant does not justify operation. Why do you think the original owners walked away. Additional resources are required to change this equation.

TNC Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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Last 38.0¢		Change 0.020(5.56%)		Mkt cap ! $48.40M

Open	High	Low	Value	Volume
37.0¢	38.0¢	36.0¢	$26.45K	70.74K

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No.	Vol.	Price($)
1	17077	37.0¢

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Price($)	Vol.	No.
38.5¢	30000	3

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No.	Vol.	Price($)
1	17077	0.370
1	17258	0.365
1	12300	0.360
3	88072	0.355
4	103583	0.350

Price($)	Vol.	No.
0.385	30000	3
0.390	112317	3
0.400	10000	1
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Cost to build and operate mine and plant does not justify...

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