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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 Dec 11, 2018 1:10pm
107 Views
Post# 29098074

I would imagine (yep, making this up)

I would imagine (yep, making this up)That Management is/has been discussing adding to mill capacity in time to order/fabricate/ship on the next sealift. If this does not happen, then the current mill is topped out at 2,000 +/- tpd until the sealift 2020 and the production of gold will plateau. If that is the case, profits/cash flow resulting from the sales of gold will be subject to the POG and expense management. Given that these folks have demonstrated considerable mining knowhow and foresight with the current situation and, knowing that the license is just around the corner, I suspect that that is exactly what is currently taking place. Perhaps that was the reason for the outsized capital raise?
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