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TMAC Resources Inc. T.TMR

TMAC Resources Inc is an industrial metals and materials company. The business acquires, explores, and evaluates mineral properties. Its lone business segment is Mining; this segment is engaged in the exploration and development of precious metal resources, primarily gold. The company generates the vast majority of its revenue in Canada. TMAC Resources' primary mine is located in Hope Bay, in the Kitikmeot region of the western Nunavut Territory. TMAC mines for gold resources and inferred minera


TSX:TMR - Post by User

Post by Shermandrock1on Aug 16, 2019 8:55am
106 Views
Post# 30035762

A couple of things:

A couple of things:1) TMAC sold 37,730 ozs at an average of $1,310 made a profit. 2) during Q2, there were considerable headwinds relating to equipment unavailability which has been resolved 3) Production managers are currently implementing other activities that will elevate the recovery %. That said, with the POG up considerably, the recovery % likely higher than the average for the quarter ended 47 days ago and the throughput consistently closing in to 2,000 tpd, all of the elements are now aligning that will allow for TMAC to reach its full potential. Not only that, mineralization seems to show up wherever they decide to place a drill hole. IMO, supported by Management's activities, the best way to demonstrate value to potential acquirers is to put ounces into the reserve category. Lastly, once again, the "change of control" language surfaces again. This time in the Maverix agreement. Does anyone not think that good ole TMAC has been and will continue to be the subject of acquisition by "others". Just my $0.0182. Sherm
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