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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

TSX:TMR - Post Discussion

TMAC Resources Inc. > What are the existing reserves /resources???
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Post by miningman on Jan 05, 2021 1:59pm

What are the existing reserves /resources???

Or  more specifically,  how much is Agnico  paying per ounce???
Comment by 15Stanmore on Jan 05, 2021 3:16pm
Check out the TMAC website and the NI 43-101 detailed pre-feasibility study listed under the Investors tab. Measured reserves 481,000 oz for $286.6 million calculates at $596 per ounce Measured and indicated  5,173,000 for $286.6 million calculates at $55 per ounce Measured, indicated and inferred  7,300,000 for $286.6 million calculates at $39 per ounce So, you tell me miningman, is ...more  
Comment by miningman on Jan 05, 2021 3:59pm
  Thankyou   Stanmore.  .  So  at your computed   $39    per ounce,  my immediate thoughts that this is a  fair /generous offer  that is not likely to  provoke a  better offer..  However I note that  these numbers are dated  Dec  2018,  two years ago and  obviously  there has been  ...more  
TMAC Resources Inc.