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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 templetooth2on Dec 02, 2019 6:18pm
116 Views
Post# 30415070

Good question, Sherm

Good question, Sherm
In my humble opinion, the effectiveness of the new equipment represents a material change event, and thus a duty to report said material change.

I reach this conclusion by the following line of reasoning. If the new equipment failed to increase recoveries by any great amount, that would amount to an adverse material change to expectations. Should the new eqpt. work, increasing recoveries to the approximate 89-90% mark, this again is a significant material change as it would have a substantial bearing on the valuation of the company.

Using this reasoning, about the only way you avoid a material change is if your recovery factor lies in some grey area of 85 - 87 %, i.e. not low enough to kill the company, but not high enough to rescue it, either.
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