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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 26, 2018 1:35pm
113 Views
Post# 28231213

More pumping folks

More pumping folks1) If in May, CL1 produced 9,850 ounces, then in June, presuming some additional "tweaking", it likely produced 10,000 ozs. 2) Given that CL2 was commissioned 6/3ish, it may have produced 1,500 ozs (50ish ozs a day). 3) Soooooooo...........June production could, almost, perhaps, maybe be 11,500. A record. 3) For July, they will likely be pushing through the HG stuff as CL1 & CL2 will be "seasoned.4) As such, there is a real chance that starting in July, the combined monthly run rate could be 15,000 per month or, 45,000 per quarter. 5) With 45,000 per quarter, that will have a dramatic effect on the per oz absorption of fixed cost and SG&A for ASIC. 6) You know folks, it feels to me that the new folks have grabbed the ball and are moving toward the goal line. They may not be too far away. 7) Wayne & I are waiting for them to arrive. 8) All in all, we do have to congratulate the prior folks on the fine work that they did. Yep, they fell short but...........they almost pulled it off. My $0.02 on a Tuesday.
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