OTCPK:TMRFF - Post by User
Comment by
miningmanon Jan 05, 2021 3:59pm
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Post# 32226071
RE:RE:What are the existing reserves /resources???
RE:RE:What are the existing reserves /resources??? Thankyou Stanmore. . So at your computed $39 per ounce, my immediate thoughts that this is a fair /generous offer that is not likely to provoke a better offer.. However I note that these numbers are dated Dec 2018, two years ago and obviously there has been a number of ounces mined, poured and sold in the last two years, so the sale of the remaining ounces is at an effective premium to $40.
However the reserve /resource ounces were valued in 2018 at $1250 /$1400 which clearly need updating today . Unless and untill a revised 4301 is prepared, it is tuff for us to generate meaningfull revised numbers. I strongly suspect that Agnico bellieves that it can mine this material at a lower cost than TMAC was able to do