Bullboard - Stock Discussion Forum TMAC Resources Inc. T.TMR

Metals & Mining Industrial Metals & Minerals

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

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TMAC Resources Inc. > Article in the Financial Post

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Post by Wineaux on Jan 21, 2020 7:29am

Article in the Financial Post

Colour commentary from the Financial Post.

Tom Gallo, an analyst with Canaccord, pegs TMAC’s net asset value at around $1 billion, far enough above its market value to fetch a premium and still be attractive to a buyer with better access to capital. Note that the current market value is $335M.

https://business.financialpost.com/commodities/mining/arctic-gold-miner-hopes-metal-rally-can-lift-its-fortunes-as-it-looks-for-a-buyer-amid-operational-challenges

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Comment by merlin991 on Jan 21, 2020 11:17am

They need a larger player to come in and joint venture. There will be a good premium given the assets. Reminds me of the Malartic play by Osisko.

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Comment by dorebull on Jan 21, 2020 11:27am

They need new management. This project never has had strong leadership under the TMAC banner. What does a banker know about running a gold mine in the remote arctic? Not much clearly...

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TMAC Resources Inc.