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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 Jun 10, 2018 12:25pm
150 Views
Post# 28151588

Things I like about TMAC

Things I like about TMAC1) Jason Neal, President and Chief Executive Officer. Jason Neal is a veteran mining investment banker, having joined BMO Capital Markets at the start of 1997 after graduating from Simon Fraser University with a Bachelor of Business Administration, and working his entire career focused exclusively on the metals and mining industry. What I like: Not a GEO. I am guessing purpose is to bring operations up to standards that will allow a rise to proper valuation to allow for a profitable exit by Newmont, Resource, Blackrock and TMac. 2) Gil Lawson, Chief Operating Officer. Gil Lawson is a registered professional mining engineer in Ontario and British Columbia and has over 31 years of experience in the mining business, primarily in narrow vein underground gold operations. He has managed two start-up operations, Goldcorp Inc.s Musselwhite Mine in Ontario and De Beers Canada Ltd.s Snap Lake Mine in the Northwest Territories. Gil has worked in the Timmins and Red Lake, Ontario gold mining districts, which are very similar to the Hope Bay gold mining district. His expertise lies in gold mining operations management, engineering studies, project management and exploration. What I like: Experienced in "narrow veins", start-ups and ore bodies similar to Hope Bay. No vested interest here. A fresh approach. No qualms about course correction, if needed. 3) M&I 4,911,000 and Inferred 1,694,000 ounces as of July 2017. What I like: Good drill results since then surely have no only lifted these numbers but have increased the confidence as well. Currently, drilling has been de-emphasized (although ongoing in a diminished capacity) and they are still "finding stuff". Doris expanding, Madrid & Boston underexplored. 4) Demonstrated aversion to share issuance. What I like: Cash is a little tight at the moment. Rather than issue more shares, they enter into the "fuel deal" and the "bond cash replacement" effort. Yep, imaginative. Reflects professional management. Likely running a play Blackrock play. At this point in time, in my simplistic and uninformed opinion, all should be able to compare and contrast the "new" TMAC to the previous version. From my vantage point, it appears to me that the "amateurs" were allowed their 15 minutes of fame. Now, the CEO is an investment banker, the COO has actually mined and Mine Planning dude has actually planned mines. Imagine that. Lastly, for the record, my favorite hockey player of all time is Wayne Gretsky. From him, I learned to go to where the puck "will be" and not where the puck "currently is". This works well in guiding my investing as well. Sherm
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