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Bullboard - Stock Discussion Forum 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... see more

TSX:TMR - Post Discussion

TMAC Resources Inc. > A brief glance at the MDA suggests that
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Post by Shermandrock1 on Nov 09, 2018 1:00pm

A brief glance at the MDA suggests that

there is considerable cause for optimism notwithstanding the delayed timetable for equipment installation. Current anticipated installation of all equipment is now the end of November. October recovery 82%. Still anticipate "at least" 90% by EOY. Drilling at Madrid appears to exceed expectations. Drilling / mining at Doris is favorable. ASIC is unfavorable impacted by considerable non-recurring infrastructure related expenditures. In my pro-pumper opinion, I believe that the "analysts" will, in conjunction with interaction with management in the CC, find a lot of "stuff" that will enable them to write positive reports and perhaps elevate their view of future TMAC prospects. Just my $0.02. Sherm
Comment by jellbarton on Nov 19, 2018 9:42pm
Does anyone know if its still Gekko Corp that sold the first mill that failed to work that are supplying the new concentrator equipment or have they got a Canadian company who actualy knows what they are doing to fix it?
Comment by snowshoedb on Nov 20, 2018 9:25am
The company has been installing Falcon concentrators and various other gravity/flotation equipment to enhance recovery. I think the entire processing circuit is in the process of being reworked under a different design. Note that the CL2 line has become the primary line for processing mine material and the CL1 line is being retrofitted. They claim retrofitting should be done in October. But I ...more  
Comment by Robfrod on Nov 20, 2018 11:41am
Yes they appear to have cut ties with Gekko and are gradually phasing out a lot of their poor equipment choices.  The Falcon concentrators are made by a Canadian company Sepro.  Falcon or Knelson concentrators (both originally made by canadian companies although Knelson has been bought by a swedish company FLS) are the industry standard and are installed at almost every gold mine on the ...more