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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

Post by bukobuckson Dec 30, 2020 9:06pm
189 Views
Post# 32200917

Gold back over $1900 US

Gold back over $1900 US

This operation is a cash cow at these gold prices, they produced around 40,000 ounces in some quarters in the past. Get the mine operating like a Swiss watch and I think they would even crush those numbers based on the high grade and decent recovery rate. Their debt/shortfall could easily be managed. Minor dilution wouldn't hurt my feelings to get rid of the debt. Everyone understands the potential, so basically it boils down to execution. The government was right to reject that lowball  attempt to grab this asset. Just my opinions/thoughts.

Buko
 

 

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