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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

Comment by schocoron Mar 10, 2020 10:59am
227 Views
Post# 30788287

RE:RE:RE:ASK thinning out

RE:RE:RE:ASK thinning out
It represents 15% of this years production. How much of 2021-2029 production does it represent? How much of an ore decline do you accept while continuing to pour more money into a project which appears marginal and cash flow negative in time of good gold prices. You have - potentially - just lost 30%-40% of your ore. 

If they lose Doris - if they lose Doris - I am not sure the rest of the comapny is worth continuing, and quite frankly TMAC does not have the ability to keep it moving forward with the $25-30M they have in the bank.

If this flooding is as bad as I and the market assume, the company needs to be sold, or it will fold.  
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