Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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. > ASK thinning out
View:
Post by Silverichman on Mar 09, 2020 3:08pm

ASK thinning out

I guess the fed wil lower the rates quite soon - again... TMR will perform very good, as lots of investors will flock into gold and silver investments once the fresh money will pour into the markets. TMR is now traded like a 0-infrastructure-stock with minor drilling. I don't see any more downside.
Comment by schocor on Mar 09, 2020 5:18pm
The compmany existance and the mine itself in very much in doubt at the moment. The mine flooding might/will mean all that doris reserves are now standed. It is a company killer - potentially.  Can this company raise funds for their next suply season? Meh. I think they need to be bought out or they will close the mine. The gold price is good and will only get better , but the operations of ...more  
Comment by Wineaux on Mar 09, 2020 6:19pm
What are you talking about Schocor? The flooding is in the Doris-Central area only. Below is the quote from the press release regarding the flooding. Assuming they can do NOTHING about it, it represents 15% of the PLANNED production in 2020. Yes, there is a risk to this area if they cannot mitigate the flooding. How does this turn into a company killer?  While conducting initial ...more  
Comment by schocor on Mar 10, 2020 10:59am
It represents 15% of this years production. How much of 2021-2029 production does it represent? How much of an ore decline do you accept while continuing to pour more money into a project which appears marginal and cash flow negative in time of good gold prices. You have - potentially - just lost 30%-40% of your ore.  If they lose Doris - if they lose Doris - I am not sure the rest of the ...more  
Comment by dorebull on Mar 10, 2020 11:37am
Review slide 11 of the current presentation. Doris Central represents ore feed scheduled for this year and also the bulk of the Doris ore for 2021. Risk is if they don't fix the water inflow issues then they will run out of high-grade feed (+10 g/t material). Underground development may not be in a position to provide operational flexibility to access new ore horizons (at Madrid or Doris ...more  
Comment by schocor on Mar 10, 2020 12:07pm
Ore sequencing issues = mine killer. Potentially.  I dont think you can touch this with a 10 foot pole until we know more about the inflows, the fixes, and the timelines.  Good post dorebull. Thanks 
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities