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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 snowshoedbon Jan 10, 2020 4:17pm
115 Views
Post# 30540452

RE:It seems to me that most folks here are focusing

RE:It seems to me that most folks here are focusingcheck out the Q3 financials Sherm... they only have positive cash to service debt by selling assets. It doesn't matter how much gold they find if you can only process 2000 tpd. And you can't get the tons out unless you do mine development so that you can get at the rock and they spent $94M to do that... 

They are not generating cash to pay the debt.
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