TNC 6.12% 4.6¢ true north copper limited

Hazza25. It is now simply a matter of getting enough ore under...

  1. 61 Posts.
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    Hazza25. It is now simply a matter of getting enough ore under leach with economic leach profiles and GAM will come cash flow positive. The question is where this ore will come from in the short term, which is undisclosed (probably they are negotiating with other miners for ore supply).
    Another factor is leach rate. Many of the remaining ores in the area have a significant net acid neutralising nature, thus require acid addition up front to generate the commercially required leach rates and to maximise recovery before the heap becomes uneconomic to operate. The PLS data released recently show that this is probably not been done, thus they are unlikely to reach their stated production target.
 
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