TMAC Resources Inc. T.TMR

Down 15% over 5 days...

[ML_Geo]

POG >$1300 but steady drop in TMR over the past week on no news. Any ideas??

[jellbarton]

Its because the plant doesn't work and they aren't recovering enough gold?

[charbsey]

FYI  READ 4th quarter highlights for 2018 that should give you a pretty picture of what is next.

[asforecasts]

The ore in Doris and the other potential mines  is an Archaen orogenic deposit.  These are always sulfides, typically iron sulfides and pyrite.  Sulphur spewed from volcanic activity seeps in and makes gold-bearing rock less soluble.  Gekko is designed for coarse-grade pre-solution and this company needs to get grind size down to 13 microns, like Oceana is doing with Didipio. &

[charbsey]

Asforcasts "member" since november 2017 LOL   they will be installing the second python to incress production to 2000 tom per day ( not sure when)  thats the only thing that matter to me . even if they get 80- 90% recoveries  Im Happy !  charbsey , Ding !!!! 

[asforecasts]

Charbsey, I'm 67, been trading for 40 years, publish a regular newsletter.  What have you done? The other traders and investors on this board could benefit from my knowledge.  Instead, you waste time with know-nothing posts and cracks.  They have another python coming.  So? Until they get recovery to 90+% it is indicative that Gekko was the wrong move.  This error has

[charbsey]

SO???  15 grams avg x 2000 ton per day = 1,058 oz per day  avg 1250 per oz = 1.3 million  does my math add up? 1.3 X 90 days = 119 million.. we all know thats a perfect daily picture . I dont need to publish news letter to add up how much money they will make in Full production.  She was just another liberal academic. Blame the board. She was just another

[ML_Geo]

15 grams avg x 2000 ton per day = 1,058 oz per day  avg 1250 per oz = 1.3 million  does my math add up? 1.3 X 90 days = 119 million.. we all know thats a perfect daily. Above is a very optimistic outcome. With current state it would be more like: 12 grams avg x 2200 ton per day (they will push mill nameplate) x .80 recovery = 640 oz per day avg avg $1250 per oz - AISC of $700 = avg

[charbsey]

Thank you for that ML_Geo - obviously i did say a perfect outcome LOL and i didnt include expense just trying to show asforcasts its important to have the second python into the mill system. We cant forget that vertical veins..alot less dilution = less cost per ton . lets them focus on becoming debt free - supply more gold from madrid and repay investors :D 

[northofseven]

Now lets fix this bad math. Everyone knows a troy ounce is 31.1 g Not 28.3 SO 15gpt x 2000tpd = 30,000g divid by 31.1 = 964oz per day x avg 1250oz = 1,205,000  x90 days is $108,450,000                              Quite a difference in $$$ for one little over sight 

[ML_Geo]

Math may be correct but your assumptions are way off. Again you need to be realistic with these figures. You know they will never be able to mine and process for $0/oz. So you must put a $/oz number on that; it is absolutey meaningless to do otherwise. I used $700/oz but the original 2017 guidance was set at <$750/oz. I don't know where you are getting 15 g/t grade; check the corporate

[northofseven]

The assumptions where not mine. I can't stand bad math thats all.