Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 ML_Geoon Feb 15, 2018 11:42pm
123 Views
Post# 27569750

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:Down 15% over 5 days...Math may be correct but your assumptions are way off. Again you need to be realistic with these figures. You know they will never be able to mine and process for $0/oz. So you must put a $/oz number on that; it is absolutey meaningless to do otherwise. I used $700/oz but the original 2017 guidance was set at <$750/oz. I don't know where you are getting 15 g/t grade; check the corporate presentation or PFS report; proven and probable reserves for Doris stands at 10 g/t - I was generous at 12 g/t and 15 g/t is unfounded. You are assuming 100% recovery which happens in zero mining operations. We will be fortunate to see steady state 80% recovery. Curb your expectations, and that of others, and please use sensible numbers when "ballparking" mining revenues. 

12 grams avg x 2200 ton per day (they will push mill nameplate) x .80 recovery = 640 oz per day avg

avg $1250 per oz - AISC of $700 = avg $550/oz 

640 oz day x $550/oz x 90 days = $32 million 

<< Previous
Bullboard Posts
Next >>