Post by
Shermandrock1 on Feb 11, 2020 1:29pm
Hey River: Nope, not saying that at all.
No one from TMAC management has ever contacted, nor will ever contact, me to discuss their plans. However, what I am saying is that "the big 3" hired a salesman to do a miner's job. The TMAC story is a great parallel to the farmer who had the golden goose. Rather than being satisfied with periodic golden eggs, wanting them all, in his impatience decapitated the goose. Sorta like piling up the debt levels, eh? What I am saying is that it is 1) time to return the attention to the business of mining what it is known is at Doris and Madrid and 2) streamline the organization by cutting all personnel not closely associated with the mission of mining 3) replace non-mining personnel with talented / accomplished miners. What is the rush? Gold does not evaporate and, there is a strong likelihood that the coming unsustainable world debt, money printing party will eventually come to an end. Who here thinks that the "normal" of the world would rather hold worthless paper over real money? Yep, it is a question of "when" the value of Hope Bay will be unlocked versus "if".
Comment by
blackhole1 on Feb 11, 2020 2:27pm
I think you are right with your assessment. But how do you propose to change that? What also puzzles me here is lack of institutional interest even at these prices. They have such a good resource. Besides, institutions are supposed to like canada as a jurisdiction.. So why is this lack of interest I wonder?
Comment by
snowshoedb on Feb 12, 2020 7:21am
The problem is recovery % guys. Don't focus on symptoms... the focus needs to be on the problem... You can't flush 5-8 million dollars a quarter down to the tailings pond.
Comment by
Robfrod on Feb 13, 2020 1:00pm
Because Gekko was dirt cheap and geologists were making these decisions. Anybody with a metallurgical background saw problems coming, maybe not to this extent but not many people were surprised