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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. > Hey snowshoedb:
View:
Post by Shermandrock1 on Feb 25, 2019 5:31pm

Hey snowshoedb:

Currently, TMAC has 2 properties, 1 mine and 2 prospective mines. The property that most folks are aware of contains mineralization at 2 other locations that will very likely become mines. The property that most folks, including management, know little about is ELU. Underexplored it is. With respect to recoveries, at this point, the tailings contain more Au that some companies are mining. Perhaps TMAC can outsource the processing of the tailings to another company for a % of the recoveries? Making stuff up again. Notwithstanding that TMAC properties are concentrated in one location, I would prefer this situation than owning shares in a company that has mines in locations where the Govt sees them as a cash cow via increasing taxes and/or ultimate nationalization. Yep, like most of the good folks here, I am disappointed by the pace of progress. However, when all is considered, a few more months will not impact my optimism for the long run. Lastly, I reiterate my suggestion that Jason was hired so that the Big 3, and specifically Newmont, could monetize their outsized holdings. My wagon is firmly attached to theirs.
Comment by snowshoedb on Mar 01, 2019 10:02am
Thanks for the edification Sherm. I was only aware of the 80km x 20km regional property play. I wasn't awarte of ELU.
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