RE:RE:RE:RE:RE:RE:RE:World's top 10 gold projectsStockpicks96, I also appreciate the respectful reply. Constructive analysis, including genuine challenging of certain aspects is healthy for all and I think contributes to worthwhile content for all who follow this board. As I am sure you are aware, too often on these discussion forums its a barrage of nasty, disrespectful replies that are hastily fired out without regard for tact or any sense of openmindedness. Discussion forum aliases tend to bring out the worst in people as they can hide behind the alias. At times, certain agenda-driven and deceptive posters deserve a crushing blast as those low lifes deserve what they get.
Economics certainly are a fundamental aspect of valuation and should be assessed carefully with respect to the Treaty resource. Some points for consideration IMO:
1) If we look at Seabridge's valuation for what they have for ounces, and more importantly looking at the grade of those ounces, it should give much comfort that the Treaty resource is very healthy as to grade.
2) In looking at the 2020 drill results and drill sections leading up to the resource actually coming out we again see healthy numbers including some really solid intervals exceeding 1 g/t and even substantial 2 g/t material. When the actual report gets filed this should be a highlight and would be better understood by all.
3) The Treaty numbers have gold as a major component of the gold equiv. number. The actual gold is very high.
4) The initial recovery rates for gold that Tudor mentioned in the news release were beyond excellent and many I have discussed this with have never seen such efficient recovery.
5) The expansion potential at Treaty is huge with not only the Goldstorm being open but also the potential to have another winner with additional deposits. Further drilling at Goldstorm will also likely hit more of the higher grade material as I'm sure they will be targetting some of these areas now that they know where they are. Fine tuning should improve grade.
6) Back to Seabridge, they appear to be effectively land locked as in they have to expend serious coin to tunnel under mountains and glaciers in order to actually make the mine plan work. And yet look at the valuation considering their gold grades and these very intensive and expensive infrastructure contraints. It appears that Treaty is located exactly where Seabridge wishes they were located, on the favorable side of that mountain without the need for the same tunnels and capex.
7) Konkin truly is an expert in this region and with these regional gold deposits. In addition to his discovery and work on the VOK he also drilled off the Snowfield. He wouldn't be wasting his time at Treaty if he wasn't absolutely certain of Treaty being far superior to Snowfield as to viability. He already has a name including industry recognition and awards and you can be sure that he isn't applying that expertise and effort here for a mere paycheck.
8) Lastly, a healthy portion of Tudor's gold resource is located in what they refer to as the 300 zone located at surface. This is a very big plus and makes the whole thing work as this is the gravy that can be mined first. And, from what I can see this appears to be consistent 1 g/t material. This is a mine in and of itself and the rest is all secondary.
The above are some of the main points to assess and evaluate when looking at economics at this stage.
Again, I attribute the lack of movement in the stock price when the resource was released as simply being that the resource happened to be ready and was released into a slow, anemic, nobody is watching or cares about gold, market. The bottom line is that a 27 million oz resource with huge expansion potential will not be overlooked for long. Our time is coming. We have a winner!