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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 asforecastson Jan 10, 2020 3:49pm
185 Views
Post# 30540291

Recovery target

Recovery targetI don't believe that 90% sustained recovery is realistic.  This is Archean sulfidic ore.  Water and oxygen have never touched it in the billions of years since it was extruded from the core.  Without oxygen the ore cannot become oxidized (by definition).  Oxide ore processing is relatively predictable and less costly.  Heavily sulfidic ore requires optimized grinding and multiple techniques of separating gold from the base rock.  I would be delighted if they could achieve 88% consistently and they would be very profitable at that.
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