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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 Oct 22, 2018 9:03am
68 Views
Post# 28846113

Vociferous pumping

Vociferous pumpingLast week's NR related to the anticipated issuance of the Type A Water License in March 2019 and the cash raise of $90M CAD suggest to me that we should be hearing soon about orders placed for equipment and infrastructure related to the build out of Madrid. Given the short-window sea-lift, all of this stuff needs to be purchased, staged and loaded logically and sequentially. It makes no sense to apply half an measure to these activities. Now that they have sufficient cash for down payments and carrying costs, purchase orders are likely being issued, equipment being staged and plans laid for the earthworks and preliminary infrastructure. This is of course my uninformed opinion based solely on what I would be doing if I were CEO. Just my $0.01. Sherm
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