Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Feb 25, 2019 5:31pm
133 Views
Post# 29411367

Hey snowshoedb:

Hey snowshoedb: Currently, TMAC has 2 properties, 1 mine and 2 prospective mines. The property that most folks are aware of contains mineralization at 2 other locations that will very likely become mines. The property that most folks, including management, know little about is ELU. Underexplored it is. With respect to recoveries, at this point, the tailings contain more Au that some companies are mining. Perhaps TMAC can outsource the processing of the tailings to another company for a % of the recoveries? Making stuff up again. Notwithstanding that TMAC properties are concentrated in one location, I would prefer this situation than owning shares in a company that has mines in locations where the Govt sees them as a cash cow via increasing taxes and/or ultimate nationalization. Yep, like most of the good folks here, I am disappointed by the pace of progress. However, when all is considered, a few more months will not impact my optimism for the long run. Lastly, I reiterate my suggestion that Jason was hired so that the Big 3, and specifically Newmont, could monetize their outsized holdings. My wagon is firmly attached to theirs.
<< Previous
Bullboard Posts
Next >>