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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 Shermandrock1on Oct 21, 2018 12:13pm
69 Views
Post# 28843302

RE:Tmac possible take out

RE:Tmac possible take outNUman 2014: Yep, that is one possible scenario. Eventually, all of the majors shareholders will want to monetize TMAC. However, it is the timing that is key. Currently, TMAC is just scratching the surface, no pun intended. No one knows the actual upside to the ozs as contained in the 20 X 80 KM footprint nor contained in the unexplored ELU. Newmont sold the project [Canadian pronunciation] rather than develop it themselves, a move they likely regret. They won't make the same mistake twice. TMAC is likely being groomed for sale by Jason Neal. The sale will likely only take place 1) after a substantial portion of the entire ground has been explored and understood and 2) when the price of gold is considerably higher. Until then, TMAC operates, explores, and improves & expands operations in anticipation of the sale. Yep, that is my $0.02 for today. Sherm
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