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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 bukobuckson Dec 22, 2020 4:19pm
179 Views
Post# 32163110

RE:13cents per share profit per 1/4

RE:13cents per share profit per 1/4 Yeah, the gold price was about $200 US lower also at the time of that lowball offer. The current debt should easily be managed in this loose low interest environment, the grades they put through that mill are high and they haven't been running it anywhere near capacity. I see plenty of upside especially if they can keep ore in front of that mill and reliability.

Buko
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