RE:SEA Tunnels Thank you for that write up of truth.
Your a becon of hope.
Countrygent wrote:
These Goldstorm results are excellent news for SEA.
Their claim to tenure for their tunnel proposal under Treaty Creek was looking shaky because the Province was led to believe they would be tunnelling through uneconomic ground. Consider what the Province would want now. SEA and TC can’t proceed without cooperation and support from the Province. They have dozens of ways to hinder or help.
At the end of the day what the Province would like to see is a robust, high production, long-life mining project out of both KSM and whatever TC ends up discovering.
The tunnel proposal was outdated because it couldn’t accommodate robust production from TC and KSM at one time. The mill proposal is much the same - a mill to accommodate doubled production from both properties is obviously going to have economy of greater scale.
Consolidation is obvious. Is SEA management capable of negotiating a fair-priced sell-out and walking in favour of a major miner? No question Walter and Eric can be dealmakers.
in any event another layer of ambiguity and uncertainty has been removed. SEA can’t go it alone, at least as I see it now. And TC is the real deal, with a good shot at proving up the string of pearls theory’s along the red line - meaning PSZ and Eureka are now in the crosshairs for more added value. SEA will have to wait. But it’s probably worth the wait. In the meantime the path of gold and copper prices might just be accommodated quite nicely.
cg