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Tempus Resources Ltd T.TMR


Primary Symbol: TMRFF

Tempus Resources Ltd is an Australia-based gold exploration company. The Company is exploring projects located in Canada and Ecuador. The flagship project for the Company is the Blackdome-Elizabeth Project, a high-grade gold past producing project located in Southern British Columbia. In addition, the Company holds two exploration projects located in south-east Ecuador, the Rio Zarza and the Valle del Tigre projects. The Company also owns the Prescott copper & base metals project in Nunavut, Canada. The Prescott Project consists of about 49 licenses covering approximately 607 square kilometers that are predominantly located on Prince of Wales and Somerset Island and are interpreted to host an anticlinal repetition of the same geological formation hosting American West Metals Limited’s Storm Copper Project. Exploration at the Prescott Project will be principally targeting sediment hosted copper deposits, as well as Mississippi Valley-type (Zn-Pb) deposits.


OTCPK:TMRFF - Post by User

Comment by miningmanon Jan 05, 2021 3:59pm
151 Views
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
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