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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

Comment by bwannaon Dec 03, 2019 11:14am
96 Views
Post# 30417289

RE:RE:Yo snowshoe: You seem to need a dose of optimism

RE:RE:Yo snowshoe: You seem to need a dose of optimismgood response Snowshoe.  I hope your wait is worth it.  I'm not convinced.  I keep seeing higher opex, higher sustaining capex, higher expansion capex, lower recoveries, and lower throughput than planned in the feasibility study, and a reserve grade that does not justify the costs of producing it.

If TMAC continues to need to develop additional declines at various deposits around the property while continuing to underperform on the grade, cost and recovery side the direction is towards equity holders getting hosed.

better find some good high-grade at Madrid and better ground conditions

good luck


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