Tablelander and User 17. Guys I also completed an in-depth DD on TNC and Copper Sulphate production. You are both right. There is zero profit on current production. My calcs show max profit ASIC assuming 2% Cu at $0.07c per lb profit before extrardinary costs. I’m told the ore being processed is from Mt Norma Copper mine and has previously been leached by former owners for two years. I’m told was when put on leach pads in 2004 at 2% Cu took out most copper, so I imagine in reality is less than 0.5% Cu. So even worse. Anyway because this group never give us full story we are all still guessing. Quarterly at end October will tell the real story. Do your own DD. I’m still betting cap raise at end of year. 12c ?
TNC Price at posting:
19.0¢ Sentiment: None Disclosure: Held
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