Mazdazsilica, well one thing is for sure, you are not a mining...

Mazdazsilica, well one thing is for sure, you are not a mining industry guy.Here’s some reality. To mine 120,000 tonnes, will require a mine plan, and approvals. This is a 6 months to 1 year in the planning & statutory approvals in QLD. Then assuming the ore:waste stripRatio is 6:1 (pretty standard) TNC will need to mine around waste: 6x120,000 tonnes of waste and ore: 120,000 tonnes of ore.That totals 840,000 tonnes. Then to cart ore 120,000 tonnes 60 klms by trucks will be around $16 tonne assuming 60klms. 120,000 x $16 = $1,9320,00. Crush (jaw/cone) for leaching is $15 tonne to crush 12mm=$1,800,000. Mining/drill/blast $5 tonne x 840,000 tonnes = $4,200,000. Stacking ore and leaching and processing $20 tonne x 120,000 tonnes = $2,400,000. $10.132m And we haven’t started paying for 70 employees, directors, admin or exploration costs, accommodation etc etc.And all this in 5 months. All bagged upAnd sold. Probably less than $1.5m cash at end September, my guess. Reality: mining won’t start this year. Wet season May start anytime between end September 23 to February 24. Usually 3 months wet in between those 5 months. Mining won’t start till Feb/mar 2024 if then. Will take a year to mine 840,000 tonnes and transport 120,000 tonnes ore. Will take 18 months to leach 70% of the copper. The above is if no hiccups and everythjng goes to plan and TNC raise another $25m. Now after all of the above assuming all goes to plan it will be 2 years after June 2024 (June2026) before the 120,000 tonnes of ore before 70% of the copper is leached and in copper sulphate crystal form. The above is a fairly standard timeframe and assumption. Happy to be shown where I’m wrong. Mazdaxsilica, your numbers on production probably close to the mark if they can keep the money up to it. These projects eat money so you need money to feed it. Then TNC need go find another $15m (stillowing) around the time to settle on the other elephant in the room, Mt Oxide. While this is happening exploration sucking Pennie’s as well. So the above are my personal calculations, anyone making an investment should be based on their own assessment. Check out with your broker and analysts or other in mining advisors and check out my assumptions. I’m not saying they cannot do it but certainly cannot do it under 2years if all goes absolutely to plan. As for 5 months you have to be smoking something or dreaming. I’ll stick to my assumptions will be $0.07c max profit per lb Cu at $A5.96lb for Cu. If TNC had raised $75m and not done the pre float raise 100m shares @ $0.10c, they would be sitting a lot prettier than now. These are my personal views and do you own investigation. As always I wish allPunters well.