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TMAC Resources Inc. T.TMR

Metals & Mining Industrial Metals & Minerals
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

TMAC Resources Inc. > Am I missing something?
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Comment by Gold_NUGTon May 29, 2020 10:47am
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Post# 31087486

RE:RE:RE:Am I missing something?

RE:RE:RE:Am I missing something?
No problem. IMO, best-case scenario for retail investors is a takeover from current shareholders with the backing of the Federal Government & Business Development Bank of Canada (BDC). Newmont holds 25% of outstanding shares. This alternative would surely slow expansion plans. I also doubt Newmont has any interest at this point. However, given the proper incentives, I think it could work out.
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