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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 schocoron Mar 09, 2020 5:18pm
185 Views
Post# 30785429

RE:ASK thinning out

RE:ASK thinning out
The compmany existance and the mine itself in very much in doubt at the moment. The mine flooding might/will mean all that doris reserves are now standed. It is a company killer - potentially. 

Can this company raise funds for their next suply season? Meh.

I think they need to be bought out or they will close the mine. The gold price is good and will only get better , but the operations of this company are officially a mess. 

paradoxically, the cheaper this gets the more risky an investment than it becomes. 

 
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