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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 snowshoedbon Jul 31, 2018 4:27pm
57 Views
Post# 28393901

RE:RE:Well pnjker: We are on opposite sides

RE:RE:Well pnjker: We are on opposite sidesTMAC's problems are basically operational... hence they can be solved with management effort.

Improtant thangs management effort cant fix and doesn't need a fix::
1)  Regional juradictional play =  All under control of TMAC
2) Stable governments = Canadian Gov't, Nunavut, aboriginal parties
3) Gold in the Ground = approx 5.0 - 6.7 million ounces identified to date
      ~ a lot of opportunity to expand that number in a property 20 km x 80 km
4) Metalurgy = deposit type & host rocks well known and don't present problems in getting at the gold.

Company already doubling output from 1,000 tpd to 2,000 tpd. Submissions in with the gov't to put additional deposits into production with production of 6,000 tpd.

Company is priced cheap based on asset value already identified and has a lot of upside potential with exploration.
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