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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 asforecastson Feb 07, 2018 1:20pm
111 Views
Post# 27520360

RE:RE:RE:Down 15% over 5 days...

RE:RE:RE:Down 15% over 5 days...The ore in Doris and the other potential mines  is an Archaen orogenic deposit.  These are always sulfides, typically iron sulfides and pyrite.  Sulphur spewed from volcanic activity seeps in and makes gold-bearing rock less soluble.  Gekko is designed for coarse-grade pre-solution and this company needs to get grind size down to 13 microns, like Oceana is doing with Didipio.  Otherwise recoveries will not get above low 80%.  
While the Gekko was a mistake for this ore type and I don't know how the company will get the grind size this fine, I still believe that it will happen.  Maybe alterations to Gekko can do it or bringing in new grinders.  Didipio has the same problem with their new underground ore.
Charbsey, don't ding me again.
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