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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 5:02pm
113 Views
Post# 30540640

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

RE:RE:RE:It seems to me that most folks here are focusingWineaux: I have not looked into the sea lift cost which would be significant use of cash... but the items would all be considered Inventory... which means they wouldn't hit the Profit and Loss Operations. It would impact the Working Capital in the form of increasing inventory, Capital Equipment & Accounts Payable.... so you may have a point there. I also don't know about their Accounting policy for allocation of Freight and if its added to the CAPEX and Inventory or if it is expensed. 
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