RE:RE:Here is some visual good newsI agree it is a make or break quarter for TMAC. I have confidence that Jason's team is doing the right things to improve performance. But the result could still be disappointing... I'm hoping that they can turn the corner. I'd rather they turn the corner then be placed in the position to decide if I stay invested or average down with more funds. The price of gold is always an uncontrollable. So if the gold price drops and we still haven't solved the 3 operational issues:
1) Recovery %
2) Underground feed making it to surface
3) Throughput at the mill beeing 1900-2000 tpd
~ its an ugly picture and the debt looms large in the rearview mirror if the cash flow isn't there. I keep thinking of the cash flow that keeps going to the tailings pond and dropping to the pond floor ($5.6-$7.3 million/qtr... ouch)
Can they really overcome the original design flaws? Do they have the right staff trained up and controls to ensure they don't have a major ooops?
I hope they can turn this ship around because the property/project has huge potential if operations can hit design plan.