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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. > Gold back over $1900 US
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Post by bukobucks on Dec 30, 2020 9:06pm

Gold back over $1900 US

This operation is a cash cow at these gold prices, they produced around 40,000 ounces in some quarters in the past. Get the mine operating like a Swiss watch and I think they would even crush those numbers based on the high grade and decent recovery rate. Their debt/shortfall could easily be managed. Minor dilution wouldn't hurt my feelings to get rid of the debt. Everyone understands the potential, so basically it boils down to execution. The government was right to reject that lowball  attempt to grab this asset. Just my opinions/thoughts.

Buko
Comment by TeamEddie on Dec 30, 2020 9:10pm
minor dilution? they need to raise $680million to get the mine going again
Comment by bukobucks on Dec 30, 2020 11:50pm
Eddie,  Just to get rid of the debt, the optimization of the mine can come in time. Buko
Comment by TeamEddie on Dec 31, 2020 11:47am
The financing is being discussed and it is closer to $900m apparently
Comment by leo101 on Dec 30, 2020 9:14pm
i think the chinese had a hidden agenda.  they were going to tunnel to vancouver and rescue their huawie executive but justin was one step ahead of them.