Zaffa, I think your spot on with your post tbh, what the CEO...

Zaffa,

I think your spot on with your post tbh, what the CEO hadn’t told shareholders is that the tenements in question are copper mines, not Gold. So that means TBA had no process plant to process any ore, not at Mt Freda nor Lorena. Round Oak shut it down because they could not treat it in their CIP Plant at the Great Australian Mine.

These mines are between 20-30,000g/t Copper and 1.6g/t Gold, this means cannot be processed in a CIP or Cyanide leach pads. It’s a total pup. Where are the compliance people, the regulator, seems the major shareholders getting led along like a rouge bull with rings in their noses. I was advised Round Oak lost Circa $50m on these tenements, Round Oak now sold their CIP plant and sold it to Emmerson Resources in the NT.

TBA paying $450k (they haven’t got) for a lame duck and seriously increasing share dilution. The major shareholders have blinkers however their eyes will be wide open in 2023 i foresee. Pigs will fly before this bunch ever pour a gold bar, they had one job to do and decided to do something else, clearly on some bad advice.

Cheers Burgers!